October 27, 2023: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $100,000 commercial loan to a Connecticut based real estate investor. The loan proceeds were used for working capital purposes and the loan is secured by a blanket mortgage...
Earlier this month, the FDIC made a significant announcement via a press release, giving us a glimpse into their proactive approach to financial management. It all stems from the FDIC taking over the failed Signature Bank in New York City. This comes on a wave...
July 12, 2023: Worth Avenue Capital, LLC just exited an $825,000 mezzanine credit that was secured by multiple mortgages on a luxury property in Westport, Connecticut. The loan proceeds were used for working capital purposes by a small business in Norwalk, Connecticut. The business owner...
Hard money lending is a type of financing that is typically used by real estate investors, house flippers, and property developers. It involves borrowing money from a private lender who is not a traditional bank or financial institution....
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