The International Toy Center

501 Seventh Avenue

The new funds, with more coming as a result of recently received and pending additional consents for 250 West 57th Street, The Lincoln Building (60 East 42nd Street) and 112 West 34th Street, will improve the marketability and desirability of these superbly located buildings and allow them to offer first-class office space and common areas, and the very latest amenities and services, along with the time-proven adaptability of their pre-war construction.

Anthony E. Malkin, senior director of Wien & Malkin Supervisory Services, says the new funds "will ensure that these properties will meet and exceed the market's expectations and facilitate the achievement of our investment objectives."

Mr. Malkin explains: "Borrowing for reinvestment in the properties allows us to upgrade them now and spread the cost over a period of years, thereby allowing larger current distributions and minimizing taxable income on earnings that are not distributed. Today's historically low interest rates make these borrowings uniquely affordable."

The loans put in place to date permit ownership to borrow funds in installments, thereby saving interest charges on funds not yet needed. All loans are structured as draws against lines of credit, and therefore money not required is not borrowed.