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.
Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $4,200,000 commercial loan to a South Florida based real estate investor. The loan proceeds were used both to restructure debt as well as to provide additional working capital for construction purposes. The loan is secured by a first mortgage on a high end condominium unit in West Palm Beach, Florida that encompasses three floors in the building. The "as is" appraisal on the aforementioned unit came in at $8,700,000 with an underlying LTV of 48%.
Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $375,000 commercial loan for a small business in Fairfield County, Connecticut. The loan proceeds were used as a "follow on" debt offering for working capital purposes and the loan is secured by a second mortgage on an estate in trendy Westport, Connecticut with an underlying LTV of approximately 47%.
Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $150,000 commercial loan on a multi-family house in the Westville section of New Haven, Connecticut. The loan proceeds were used by the borrower to purchase the property out of foreclosure at a well below market price.
Worth Avenue Capital, LLC is pleased to announce that it successfully exited $2,350,000 in mezzanine debt in a transaction in "tony" Greenwich, Connecticut. Specifically, WAC's Sponsor was a luxury home builder who has built numerous homes in the most desirable neighborhoods of Greenwich and has been a "blue chip" customer of WAC for the last several years as a repeat borrower.
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.
Every day, Worth Avenue Capital, LLC provides bridge financing to clients requiring short-term funding as part of a larger financial strategy.
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…