Monday, April 17, 2017

Winter & Co. Arranges $45 million construction loan for ground-up condominium development in Greenwich Village, NY

NEW YORK, NY -- Winter & Company has arranged a $45 million construction loan for the ground-up development of an ultra-high-end, 10-unit, nine-story luxury condominium building in a prime location in Greenwich Village in downtown Manhattan.

The full-block-wide site provides light and air on three sides. The upper units will have views of the Hudson River and some will have underground parking. 

The well-capitalized developer specializes in creating bespoke, boutique condominium buildings in Downtown Manhattan with very high-level finishes, design and aesthetics. The 3-year construction loan is priced at 350 basis points above 30-day LIBOR with a floor of 3.9% and was structured with limited recourse.

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, 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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