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| West 14th Street between Fifth Avenue and the Avenue of the Americas, Flatiron Neighborhood, Manhattan, NY |
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| David Heiden |
NEW YORK, NY -- W
Financial has provided a $6,050,000 bridge loan used to acquire of a two-story,
commercial building located on West 14th Street (between Fifth Avenue and the
Avenue of the Americas), in the Flatiron neighborhood of Manhattan.
The site has approximately
15,500 square feet of development potential and allows for both commercial and
residential uses.
The existing tenant, who was also the seller, has
approximately two years rent-free remaining on his lease and then the property
will either be developed or sold once the tenant vacates and the development
potential can be unlocked.
We will also consider
providing re-hab and construction loans for experienced developers, as well as
mezzanine financing on well-located, cash-flowing properties. We will consider
providing joint venture equity on cash-flowing properties on a case-by-case
basis.
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| Gregg Winter |
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
Email:
gregg@w-financial.com
http://www.w-financial.com
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