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
Email: gregg@winterandcompany.com
No comments:
Post a Comment