Archive
May 27, 2016
Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $500,000 commercial loan for an LLC whose sole purpose is to make private investments. The loan is secured by a blanket mortgage on properties located in both Greenwich, Connecticut and Water Mill (Southampton), New York and the loan was funded by one of WAC’s private investors.
The borrower needed this short term financing as a bridge in anticipation of monetizing one or two different investments in their portfolio. As soon as either one of these investments monetizes, the borrower will pay off WAC’s bridge loan.
Share
Recent Posts
Using Second Mortgages as Additional Collateral for Construction Loans
Over the past several months, WAC has provided financing for multiple construction projects where second mortgages were a critical part of the overall...
Strategic Financing Leads to Luxury Home Success in Greenwich
Worth Avenue Capital congratulates our borrower, Dream Home Custom Builders (DHCB), on the successful sale of 273 Riversville Road in Greenwich, Connecticut. This...
Changing Investment Preferences for Baby Boomers: Why Private Credit is on the Rise
The investment landscape for Baby Boomers has undergone a significant shift in recent years. Faced with ongoing stock market volatility driven by the...