PRESS
RELEASE
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WINTER & COMPANY
closes a $2,500,000
loan on a luxury
Upper West Side
Cooperative for
the second time |
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For
Immediate Release: New York: Winter & Company
Commercial Real Estate Finance has
successfully arranged a $2,500,000
loan for a classic pre-war Upper
West Side cooperative between West
End Avenue and Riverside Drive. The
7-story, 98% owner-occupied luxury
doorman building consists of 88 units.
Winter & Company
originally arranged financing
for this building in August 1997,
reducing the co-op's interest
rate by 2.6% - from 9.77% to
7.125%. Taking advantage of the
even lower interest rate environment
in recent months, Winter & Company
was able to once again have the
rate reduced to only 9.52% while
helping the co-op achieve it's
objective of obtaining a 20-year
fixed-rate loan.
The
new 5.92% mortgage is amortized
on a 20-year fully self-liquidating
schedule. Gregg Winter, President
of Winter & Company, closed
the loan on April 3, 2003. Winter & Company
takes particular pride in its
many repeat customers who seek
our services years after the
initial transaction.
Winter & Company specializes in providing advisory services as well as both institutional and private mortgages to commercial real estate owners and professionals nationwide. Its affiliate, W Financial is a direct private bridge and mezzanine lender providing short-term, special situation financing to developers, owners and investors. If you are an accredited investor and would like to learn more about investing in the Fund, visit PrivateMortgageInvestment.com
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