Archive
Commercial Loan to Buy Investment Property in Connecticut
Worth Avenue Capital
May 28, 2013
May 28, 2013
Worth Avenue Capital Successfully Closes $260,000 Commercial Loan
Worth Avenue Capital, LLC is pleased to announce that it just closed a $260,000 commercial loan for a Connecticut based real estate developer. The loan proceeds were used to purchase investment property in Connecticut that abutts a land development project that the developer already owns. This purchase enables the developer to obtain greater access to his land development and catapults him into the status of being the largest land owner in that specific neighborhood.
The commercial loan was funded by one of WAC’s private lenders. Prior to engaging WAC’s services, the real estate developer attempted to obtain conventional bank financing on his own but was unsuccessful despite the fact that the property that he was purchasing is situated in a prime location and his personal financial condition is excellent. WAC was able to obtain a loan commitment for the borrower within just a few days.
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,...