{"id":316,"date":"2020-12-14T18:04:13","date_gmt":"2020-12-14T18:04:13","guid":{"rendered":"http:\/\/winter.think33.com\/?post_type=deals&#038;p=316"},"modified":"2021-07-02T17:49:18","modified_gmt":"2021-07-02T17:49:18","slug":"30-million-underlying-mortgage-for-20-story-275-unit-cooperative-in-midtown-manhattan","status":"publish","type":"deals","link":"https:\/\/www.winterandcompany.com\/deal\/30-million-underlying-mortgage-for-20-story-275-unit-cooperative-in-midtown-manhattan\/","title":{"rendered":"$30 million underlying mortgage for 20-story, 275-unit cooperative in Midtown Manhattan"},"content":{"rendered":"\n<p>Winter &amp; Company has successfully&nbsp;arranged a $30 million&nbsp;underlying mortgage for&nbsp;this 20-story, 275-unit,&nbsp;pre-war cooperative building located on Manhattan\u2019s Sutton Place South, with unobstructed views over the East River. Winter &amp; Company was able to lock in a 2.91%, 20-year fixed rate, interest-only loan for the board of this 510,000 square foot&nbsp;luxury cooperative building which was constructed directly atop the FDR drive. The new mortgage will provide the co-op with nearly $14,000,000 of surplus proceeds to finance a variety of scheduled repairs and capital improvements. Given the 20-year term of the loan, the loan structure also provides access to multiple tranches of future funding in the later years of the loan term. The loan was placed with a major life insurance company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Winter &#038; Company has successfully arranged a $30 million underlying mortgage for this 20-story, 275-unit, cooperative building located on Manhattan\u2019s Sutton Place South, with unobstructed views over the East River. <\/p>\n","protected":false},"featured_media":318,"template":"","deal-category":[3],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$30 million underlying mortgage for 20-story, 275-unit cooperative in Midtown Manhattan - Winter &amp; Company<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.winterandcompany.com\/deal\/30-million-underlying-mortgage-for-20-story-275-unit-cooperative-in-midtown-manhattan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$30 million underlying mortgage for 20-story, 275-unit cooperative in Midtown Manhattan - Winter &amp; 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