The $3.6 Million Mortgage [New York City]
SETH WEINSTEIN is not a guy who likes to run a tab.
He has only two credit cards — one for his personal use and one for business — and he says he pays them in full each month. He even wrote a check the last time he bought a car, a white Volvo convertible.
But Mr. Weinstein, who for nearly the last 30 years has developed office buildings and condominiums in the New York area, and who seems to be allergic to the idea of accumulating debt, was approved for a $3.6 million mortgage last month for the $4 million condominium he is buying at the Century at 25 Central Park West.