Tuesday, September 27, 2016

Rendering for Planned Condominium Project
in TriBeCa Neighborhood, New York City

NEW YORK, NY -- Winter & Company has arranged a $38,373,183 construction loan (more than $5 million loan-per-residential-unit) for the development of an ultra-high-end luxury boutique condominium project located in TriBeCa.

The three-year construction loan is priced at LIBOR + 350 basis points with a floor of 3.7% and was structured with limited recourse.

Gregg Winter
Much of the existing building will be demolished and the resulting structure will be a nine-story building with seven large, luxurious units with copious terraces and outdoor space, in-building parking and units ranging in size from 3,393 to 7,098 square feet.

Winter & Company had also arranged the sale of this property from a previous developer to the current developer.

Winter & Company is a Manhattan-based, commercial mortgage advisory firm that specializes in arranging development and construction financing (as well as joint venture equity for new developments), multifamily and mixed-use property financing and arranging cooperative underlying mortgages since 1989.

Its affiliate, W Financial Fund, LP is a direct private bridge lender providing short-term, special situation financing primarily for NYC multifamily and mixed-use properties since 2003.

For a complete copy of the company’s news release and for more information on construction financing programs and arranging joint venture equity, please contact:

Gregg Winter - President
Winter & Company
Creative Minds | Unparalleled Service ®
149 Madison Avenue, Seventh floor
New York, NY 10016
Phone: 212 532-9170

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