01 May Newly Formed CT Real Estate Investment LLC Benefits from Commercial Loan with WAC
May 1, 2017
Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $50,000 commercial loan on a newly formed LLC for a Connecticut based real estate investor. The loan proceeds were used by the borrower to consolidate some outstanding real estate related debts and the loan is secured by a first mortgage on real property in Madison, Connecticut with an underlying LTV of 18%. The loan was funded by one of WAC’s private investors and the loan was funded in four days.
WAC’s bridge loan will be paid off in full from the sale of a piece of real estate within the next several months.
WAC 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 and Youtube video or by contacting WAC’s principal, Michael M. Ciaburri at worthavenuecapital@gmail.com or (203)605-4082. WAC maintains offices in both Guilford and Westport, Connecticut as well as Palm Beach, Florida. You can now follow @worthavecapital on Twitter for the latest lending news.