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 Investors Are Choosing Syndicated Loans Over Fund Models
When it comes to private lending, investors typically choose between two structures: a pooled fund model or investing in individual syndicated loans. While...
The Rising Role of Private Credit in Accredited Investor Portfolios
Over the past five years, private credit has transitioned from a niche asset class to a prominent component in the portfolios of accredited...
Why Gen Z is Turning to Private Loans: A New Era of Investment Diversification
Generation Z is reshaping the investment landscape. With a strong appetite for alternative assets ranging from cryptocurrencies like Bitcoin to non-traditional financial products,...