WAC Provides $400,000 Bridge Loan for Greenwich Real Estate Investor

March 7, 2025: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $400,000 commercial loan for a Connecticut based real estate investor. The loan proceeds were used for working capital purposes and the loan is secured by a first mortgage on a commercial condominium unit in Greenwich, Connecticut with an underlying LTV of approximately 33%.

The borrower owns two commercial condominium units in a medical building that is located in the “hub” of Greenwich, Connecticut that is walking distance to Route 1 and the Post Road. This medical building is typically fully leased with medical tenants, especially dentists and periodontists. Both of the borrower’s units are leased to a periodontist who recently signed a new ten year lease on both units. This periodontist is spending approximately $300,000 on leasehold improvements inside both of these units that will further increase the market value of both units upon the completion of the renovation.

The sponsor is another one of WAC’s multiple repeat borrowers who is in the midst of restructuring all of the existing debt on both of these condominium units and expects to pay off this short term bridge loan within the next several months.

WAC continues to be a very active bridge lender in both Greenwich and the other luxury towns of Fairfield County, Connecticut.

 

Worth Avenue Capital is a leading provider of creative financing solutions for commercial real estate investors, delivering tailored loan structures that support acquisitions, developments, and refinancing strategies. With extensive experience in structuring CRE loans, WAC enables clients to secure funding quickly—offering flexible alternatives to conventional financing. Since its inception, WAC has successfully closed hundreds of transactions, helping real estate developers and investors unlock new opportunities, optimize their capital stacks, and drive long-term value.

To learn more about WAC’s CRE loan solutions, visit our website, explore our YouTube channel, or contact WAC’s principal, Michael M. Ciaburri, at worthavenuecapital@gmail.com or (203) 605-4082. WAC maintains offices in Guilford and Greenwich, Connecticut, as well as Palm Beach, Florida. Follow @worthavecapital on X for the latest lending news.