Archive
Nantucket Commercial Loan Closed in 10 days
Worth Avenue Capital
July 22, 2014
July 22, 2014
WAC Closes Commercial Loan on Nantucket
Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $250,000 commercial loan for a Connecticut-based manufacturer and distributor of printing products.
The company was experiencing difficulty in obtaining either a conventional bank loan or equipment financing and they needed to raise cash quickly so that they could purchase some new equipment for their business at an upcoming auction.
Since time was of the essence, WAC used its alternative lending product and arranged the financing with one of its private lenders and closed the transaction in approximately ten days. The company now has the necessary capital to purchase much-needed equipment for their business operations.
The loan is secured by the principal of the company’s investment property on Nantucket as well as the equipment that the company is purchasing.
Share
Recent Posts
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...
Worth Avenue Capital Launches Worth Avenue Capital Development
This New Division Expands Worth Avenue Capital’s Capabilities to Residential Acquisition and Development Opportunities in Palm Beach County PALM BEACH, FL — [September...
Finding the Right Private Lender
Private credit has become an increasingly valuable financing option for real estate investors who need faster, more flexible financing that traditional lenders can’t...