Earlier this month, the FDIC made a significant announcement via a press release, giving us a glimpse into their proactive approach to financial management. It all stems from the FDIC taking over the failed Signature Bank in New York City. This comes on a wave...
August 18, 2023: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $500,000 short term bridge loan for a small privately held financial services company with offices in both New York City and the Connecticut Shoreline. The loan is secured...
July 24, 2023: Worth Avenue Capital, LLC is pleased to announce that it successfully closed a $300,000 commercial loan for a Connecticut based real estate developer. The loan proceeds will be used for working capital purposes for his various real estate projects that are evolving. The...
July 12, 2023: Worth Avenue Capital, LLC just exited an $825,000 mezzanine credit that was secured by multiple mortgages on a luxury property in Westport, Connecticut. The loan proceeds were used for working capital purposes by a small business in Norwalk, Connecticut. The business owner...
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