For Immediate Release: Covering a diverse group of multi-family product types in areas ranging from Mount Vernon to the Upper East Side of Manhattan, Gregg Winter, President of Winter & Company Mortgage Services closed five mortgages totaling $31,080,000.

A $3,300,000 30-year fixed rate of 6.95% was selected by the board of a 109-unit cooperative on Irving Place, one block south of Gramercy Park. Being in the luxurious position of having no pre-payment penalty on their current mortgage, this pre-war co-op decided to take advantage of historic low interest rates and to lock in below 7% for the long haul, avoiding both future interest rate risk and balloon payments.

A 198-unit co-op located at the corner of Third Avenue and 57th Street, selected an $11,000,000, 6.5%, 15-year, fixed-rate mortgage. The 43-year amortization schedule was custom-tailored to meet their specific goals.

A 149 unit pre-war co-op on Gramercy Park North, requested a $1,000,000 unsecured line of credit along with their new $6,330,000 mortgage. They locked in at 6.845% fixed for 30 years.

A 155-unit luxury tower on East End Avenue, with a swimming pool on the roof and a full-service garage, located across the street from Gracie Mansion and Carl Schurz Park, decided to trade in a soon-to-mature interest-only balloon for a 30-year fully amortizing mortgage. Their $4,500,000 mortgage was accompanied by a $3,000,000 secondary financing provision.

All the above noted mortgages were arranged with no points paid to the lender and with no escrows held for taxes.

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