WAC Expands to New Hampshire, Closes Short Term Bridge Loan for Real Estate Project in Londonderry

November 1, 2024: Worth Avenue Capital, LLC is pleased to announce that it just successfully funded a $100,000 short term bridge loan to a New Hampshire based real estate developer. The loan proceeds will be used by the sponsor for working capital purposes and the loan is secured by a second mortgage on real property that is located in Londonderry, New Hampshire with an underlying LTV of approximately 45%.

The borrower has another property in Southern New Hampshire that is under contract for sale and expects to close on the sale of that property within the next few months. Upon the closing of the sale of that property, WAC’s loan will be paid off in full.

WAC will continue to expand its footprint in New Hampshire and it expects to generate additional loan originations in that state in the immediate future.

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.