WAC Closes $600,000 Commercial Loan for Greenwich Hedge Fund

September 23, 2025: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $600,000 commercial loan for a Greenwich, Connecticut based hedge fund. The loan proceeds will be used for working capital purposes and is secured by a second mortgage on a luxury property in the Greenwich countryside with an underlying LTV of approximately 56%. The principal of the hedge fund is moving his business to New York City and will no longer need to keep the property in Greenwich. As a result, he has listed the property in Greenwich, Connecticut for sale and will pay off WAC’s short term bridge loan in full upon the sale of the Greenwich property.