CT Real Estate Developer Taps into WAC Loan for Short-Term Debt Restructure

June 12, 2024: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $100,000 commercial loan for a Connecticut based real estate investor. The loan proceeds will be used for debt restructuring purposes and the loan is secured by a blanket second mortgage on a multi-family income producing investment property as well as a single family home. Both properties are located in Hamden, Connecticut and the underlying LTV on this loan is approximately 55%.

The borrower was referred to WAC by another satisfied borrower of WAC. This borrower expects to refinance the debt on his investment property within the next several months to pay off WAC’s bridge loan.

Worth Avenue Capital specializes in arranging debt financing for both small businesses and real estate developers/investors and also handles bank workouts for those same clients. You can learn more about WAC by taking a look at the [website] http://www.weclosecommercialloans.com) and Youtube videos or by contacting WAC’s principal, Michael M. Ciaburri at worthavenuecapital@gmail.com or (203) 605-4082. WAC maintains offices in both Guilford and Greenwich, Connecticut as well as Palm Beach, Florida. Be sure to follow @worthavecapital on Twitter for the latest lending news.