Worth Avenue Capital, LLC is pleased to announce that it just successfully completed a $6,250,000 debt restructuring for its investors on a high profile CRE asset in Connecticut.
Worth Avenue Capital, LLC
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.
Why Worth Avenue Capital?
- Former Bank CEO Owned. Work with a real banking professional, without the red tape. There are very few, if any, former community bank CEO’s that operate their own private lending company. Michael Ciaburri has that distinctinction thus giving WAC a competitive advantage in the Marketplace.
- People First, Numbers Second. We do not rely on “Google Maps”, credit scores or any other algorithms to make credit decisions
- Easy Loan Process. Michael meets individually with the prospective borrowers and visits the borrower’s property to learn first hand about the borrower and their properties. This process enables Michael to make fast credit decisions that allows WAC to fund a borrower’s loan request more quickly than the competition.
I have known Michael Ciaburri for many years as my company was a customer of the bank in New Haven, Connecticut in which was the President and CEO. When obtaining bank financing became very difficult for my company in 2008, I turned to Michael and Worth Avenue Capital and they have funded and closed several different loans for my company over the last several years. WAC has provided my company much needed working capital when the banks continue to say no to us for our financing needs.
I was recently referred to Michael Ciaburri of Worth Avenue Capital by a loan broker in order to restructure my small business' debt. I found that WAC was the only private lender in the marketplace that would consider lending my company the money secured by a second mortgage on my commercial building. Mr. Ciaburri funded my loan request very quickly and with no bureaucracy.
I have borrowed money from Worth Avenue Capital on two separate occasions for "fix and flip" projects in Connecticut. Their "high touch" service is outstanding and their loan approval and funding process is both quick and efficient. I plan on continuing to utilize WAC's private lending services for my future financing needs.
I reached out to Michael Ciaburri of Worth Avenue Capital and he has now funded three separate real estate development projects for me within the last few years.
I hired Michael Ciaburri of Worth Avenue Capital and he helped me successfully negotiate a Forbearance Agreement with the bank.
I hired Michael Ciaburri of Worth Avenue Capital and he achieved immediate results for me with my bank.
My company builds luxury homes in Greenwich, CT. and I began borrowing money from WAC and Michael Ciaburri approximately four years ago. During that time period, WAC has funded at least six different short term bridge loans for my company for construction purposes. I have borrowed money from several other private lenders over the last several years but none of those private lenders can compete with WAC in terms of speed, professionalism and WAC does not subject my company with unnecessary bureaucracy. I am pleased that my company has developed a special business relationship with WAC and Michael Ciaburri and WAC will continue to be my company’s “go to” private lender for our construction financing needs.
My company is a small construction company that specializes in both residential and commercial construction. We have been borrowing money from WAC for approximately seven years. WAC has funded at least ten different loans to my company since 2017. WAC and Michael Ciaburri is an important ally to the success of my business and have acted as my company’s primary financier for my company’s construction financing needs.
My company is a mechanical contractor that has been in business for more than 75 years and we have a 50 year business relationship with Michael Ciaburri. We have borrowed money from WAC since their inception in 2008 and they have been our primary private lender over the past 16 years. When my company has needed to obtain financing quickly, WAC has always funded our loan requests in a rapid manner thus allowing us to obtain much needed working capital with no bureaucracy.
I am
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
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.
Latest WAC Small Business Loan News
Small Business Loans are Broken
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…
Fix and Flip
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…