2017
CT Construction Company Uses WAC Loan to Purchase ‘Fix & Flip’ in Moodus, CT
Worth Avenue Capital
September 8, 2017
September 8, 2017
Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $110,000 commercial loan to a small construction company in Connecticut. The loan proceeds were used to purchase a “fix and flip” property in Moodus, Connecticut. The loan is secured by a blanket first mortgage on the property that was purchased in Moodus, Connecticut as well as a blanket second mortgage on another property in Moodus, Connecticut. The loan was funded by one of WAC’s private investors.
The borrower is purchasing the property for well below its intrinsic market value and expects to realize a substantial profit upon selling the fully renovated property after its completion and after it pays off WAC’s bridge loan.
Share
Recent Posts
Year-End Investment Planning: Using an SDIRA to Invest in Private Loans
As the year comes to a close, investors tend to review the same things: portfolio performance, asset allocation, income goals, and stock market...
Worth Avenue Capital’s Michael Ciaburri Receives 2026 Global Recognition Award for Leadership
October 27, 2026: Worth Avenue Capital, LLC is pleased to announce that our founder and principal, Michael M. Ciaburri, has been named a...
What Do You Need to Qualify for a Private Loan?
One of the most common questions I hear from first-time borrowers is, “What do I need to qualify for a private loan?” Although...