CT-Based OB-GYN Practice Pays Off $1.5 Million Loan

WAC is pleased to announce the payoff of a $1,500,000 short term bridge loan from a Connecticut based OB-GYN medical practice. The loan was originated by WAC approximately sixty days ago for the purpose of funding the purchase of a new real estate holding for this OB-GYN medical practice. The sponsor completed the exit strategy of paying off the $1,500,000 bridge loan in full from the sale of another real estate holding that it owned in Connecticut. This transaction was perfectly executed by WAC’s sponsor and was a “textbook” case of a short term private loan.