Worth Avenue Capital, LLC. Closes $550,000 CT-Based Commercial Loan
October 22, 2025: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $550,000 commercial loan for a Connecticut based real estate developer who specializes in new home construction and renovations as well as condominium development projects. The loan proceeds will be used to convert a single family residence in Uncasville, Connecticut into a four family residence as well as to consolidate some existing debt. The loan is secured by a second mortgage on the property in Uncasville, Connecticut with an underlying LTV of approximately 70%.
The sponsor is one of many of WAC’s multiple repeat borrowers. He and WAC have partnered together on numerous successful real estate development projects. The borrower should be able to complete the renovation and transformation of the above referenced property within the next 90 to 120 days and will then list the property for sale upon the completion of the construction. Upon the sale of the property, WAC’s short term bridge loan will be paid off in full.
Recent Posts
Multinational Steel Company Uses WAC Loan Towards Construction of New Manufacturing Facility
November 24,2025: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $3,000,000 commercial loan to a multinational steel...
Fundamentals of Private Lending
Fresh out of college in 1983, I began my career as a credit analyst at a small commercial bank in New York City....
Fundamentals of Second Mortgage Lending
In the predominantly risk-averse world of private lending, Worth Avenue Capital (WAC) stands out as one of the few bridge lenders actively originating...


