2019
WAC Funds a CRE Development Project in Fairfield County CT
Worth Avenue Capital
December 13, 2019
December 13, 2019: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $250,000 commercial loan to a Connecticut based CRE developer. The loan proceeds were used to invest in a CRE project in Fairfield County, Connecticut and the loan is secured by an equity stake in a shopping center in Connecticut. The loan was funded by one of WAC’s private investors.
The sponsor, who is a repeat borrower of WAC, is refinancing existing debt on one of his CRE assets and expects to pay off this bridge loan in full within 90 days or so.
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