Providing Commercial Real Estate and Small Business Loans Since 2008
WAC specializes in offering alternative funding solutions and other custom financing advisory services. We work with small businesses and real estate developers that have trouble getting conventional financing from banks, creating specific personal loans for commercial investments. WAC also negotiates outstanding loans in distressed situations with individual resolutions for our clients.
December 30, 2022: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $1,000,000 construction loan to a Connecticut based real estate developer. The loan proceeds will be used to partially fund the construction of a twelve unit condominium complex in Montville, Connecticut. The loan is secured by a first mortgage on the property in Montville, Connecticut as well as a junior mortgage on real property in Wilton, Connecticut with an underlying LTV of 55%.
Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $300,000 commercial loan to a Connecticut based real estate developer. The loan proceeds will be used to complete the internal renovation of a 15 unit apartment building in Brooklyn, Connecticut. The loan is secured by a blanket second mortgage on the apartment building in Brooklyn, Connecticut as well as a commercial building in Manchester, Connecticut with an underlying LTV of approximately 50%.
December 12, 2022: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $400,000 construction loan for a builder in Greenwich, Connecticut. The loan proceeds will be used to complete the construction of a luxury "spec" house in one of the toniest neighborhoods in Greenwich. The loan is secured by a blanket junior mortgage on three separate luxury homes in Greenwich with an underlying LTV of approximately 60%.
Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $1,050,000 construction loan to a real estate developer/contractor in North Haven, Connecticut. The loan proceeds will be used as additional construction financing for a commercial real estate development project on a commercial real estate asset that is located in a well known industrial park in North Haven, Connecticut.
Worth Avenue Capital, LLC specializes in providing acquisition financing for a wide variety of real estate transactions.
Worth Avenue Capital, LLC has a long and successful history of lending to borrowers pledging collateral in the form of a second mortgage.
Michael Ciaburri of Worth Avenue Capital, LLC spent 30 years in community banking helping businesses navigate periods of distress.
Small balance loans are often rejected by conventional lenders as they are unable to offset the substantial fixed costs of underwriting and regulatory compliance. Since Worth Avenue Capital, LLC provides private loans, it can underwrite and approve most loan requests in days, not months, resulting in an ability to provide small balance loans to borrowers.
Whether your capital need is $50,000 or $5,000,000, Worth Avenue Capital’s flexibility and nimbleness allows us to operate in the small balance loan space.
Any business owner with capital needs has likely had the unenviable task of approaching a bank to inquire about a loan. What makes this process so unpleasant? The mountain of paperwork, repeated conversations, and seemingly unnecessary documentation the bank requests only to deliver a non-committal…
The State of Fix-and-Flip According the National Association of Realtors, 2016, 2017, and 2018 represent the lowest inventory levels of existing homes since 2009. In many markets, that tight inventory has resulted in competition amongst buyers, driving up prices and strengthening the terms sellers can…