For Immediate Release: New York: Winter & Company Commercial has placed a new $4,000,000 underlying mortgage on a 100% owner-occupied prime 442-unit cooperative located on 39th Drive in Woodside, Queens. An exceptional 15-year fixed interest rate of 6.08% was achieved, amortizing on a 15-year schedule. The loan was structured with a forward commitment that allowed the co-op to lock in a low rate at will in the midst of a volatile interest rate environment.

Winter & Company will, at the borrower's request, also arrange for additional financing in the form of an unsecured line of credit with a current available interest rate of approximately 4.5%, which will provide an inexpensive source of funds in the event that the co-op encounters unforeseen capital expenditures in the future. There will be substantial interest rate savings on the new mortgage that will enable the co-op to build up its reserve fund. Nevertheless, the board felt it was wise to have a source of low-cost financing available for future contingencies.

Henry Berliss and Gregg Winter handled this loan, which closed on November 13th.

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