04 Feb WAC Closes $265,000 Commercial Loan For Hedge Fund In Lower Fairfield County, CT
February 4, 2014
Worth Avenue Capital, LLC is pleased to announce that it just closed a $265,000 commercial loan for a hedge fund that is located in lower Fairfield County in Connecticut. The loan is secured by real property that was pledged by the principal of the hedge fund and the loan was funded by one of WAC’s private commercial lenders. The loan proceeds will be used for working capital purposes by the hedge fund.
WAC was able to source the capital and close the transaction for the hedge within just a few weeks from the day that the loan application was submitted.