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WAC Closes Loan for Middletown, CT Real Estate Investor
Worth Avenue Capital
April 19, 2016
April 19, 2016
Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $160,000 commercial loan for a real estate investor in Middletown, Connecticut. The loan proceeds were used to purchase a residential property in Middletown that will be rented out and held as a long term investment in the borrower’s portfolio. The borrower was able to access WAC’s private capital and purchase the property from an estate at a price that was well below its current market value.
The borrower formed a new LLC as its investment vehicle and the loan is secured by a first mortgage on the property that the investor just purchased. The loan was funded by one of WAC’s private investors.
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