Wednesday, February 3, 2016

W Financial Provides $10 Million Bridge Loan for Planned Five-Unit Condominium Building on Manhattan’s Upper East Side

Planned Five-Unit Condominium Building, East 64th Street,
Upper East Side, Manhattan, NY

David Heiden
NEW YORK, NY --  W Financial has provided a $10,000,000 bridge loan collateralized by a multi-family building located on East 64th Street on Manhattan's Upper East Side.

The developer, a repeat borrower, utilized W Financial in order to be able to acquire the property in less time than would have been possible if he had financed the project with a conventional lender.

The finished product will be a new, high-end, five-unit condominium building. It is expected that W's loan will be repaid with a traditional construction loan. W's borrower is an experienced developer who has an expertise in creating significant value with this type of property.

W will also consider providing re-hab and construction loans for experienced developers, as well as mezzanine financing on well-located, cash-flowing properties.

Call me, or contact our Senior Loan Officer, Jarret Schochet |
 at (212) 684-2205, or contact my partner David Heiden |
 (212) 684-8484 to discuss your new loan scenarios.

For a complete copy of the company’s news release, please contact:

Gregg Winter - Founder & Managing Partner
W Financial Fund, LP
Special Situation Financing for Commercial Real Estate ®

149 Madison Avenue, Seventh floor
New York, NY 10016
Phone: 212 532-1122 x1

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