Worth Avenue Capital, LLC specializes in providing acquisition financing for a wide variety of real estate transactions. As a private lender, Worth Avenue Capital, LLC is free from the myriad of guidelines and regulations that prevent conventional banks from providing the capital needed to move quickly and strategically in acquiring, renovating, and repositioning real estate properties.
Past clients of Worth Avenue Capital have used their loan proceeds for:
1. Acquisition and renovation of multifamily and commercial properties
2. Fix and Flips
3. Consolidation of borrowings secured by real estate
Benefits of Alternative Financing for Real Estate Acquisitions
- Faster than Traditional Commercial Loans
Securing conventional bank loans for businesses is a time-consuming endeavor. Even after you’ve been approved for the loan, it takes time for the bank to close the loan and deliver the money to your business.
Worth Avenue Capital takes great pride in arranging alternative financing for clients in a matter of weeks, compared with traditional loans that can take two to three months.
- Private Loans Often Provide Greater Flexibility
Commercial loans from Connecticut banks are often standard, as far as terms, repayment and creative payment scheduling. Private loans often offer greater flexibility to accommodate the needs of seasonal businesses and to surmount bumps in the road and other common loan-related issues.