Archive
April 6, 2016
Worth Avenue Capital, LLC of Guilford, Connecticut is pleased to announce that it just successfully closed a $50,000 commercial loan for a Connecticut based lawn care company. The loan proceeds were used by the borrower for debt consolidation purposes and the loan is secured by a first mortgage on investment real estate in Old Saybrook, CT with an underlying Loan to Value of 20%. The loan was funded by one of WAC’s private investors.
The borrower had some challenging credit issues that have prohibited them from obtaining conventional bank financing. As a result of the loan that was funded by WAC, the borrower’s credit problems have subsided and they should qualify for a bank loan in the near term to enable it to pay off WAC’s bridge loan.
Share
Recent Posts
Why Private Credit Is Gaining Momentum Among Individual Investors
Investing in private credit continues to gain momentum among individual investors as the market for private lending expands. With a growing number of...
WAC Funds $1.5M Commercial Real Estate Loan Backed by Prime Lease Agreement
May 7, 2025: Worth Avenue Capital, LLC is pleased to announce that it successfully closed a $1,500,000 CRE loan to a seasoned real...
Finding the Money to Flip a House: Your Guide to Fix and Flip Loans & Bridge Financing
House flipping can be a powerful path to wealth, but one of the biggest hurdles new investors face is finding the money to...