Recently Funded Loans | Worth Avenue Capital

16 Mar Borrower Supported by WAC with Quick Short-Term Bridge Loan Used for Business Operations

Posted at 16:20h in 2023, Recently Funded Loans

March, 17, 2023: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $450,000 commercial loan for a small business in Connecticut. The loan proceeds were used for working capital purposes and the loan is secured by a second mortgage on...

07 Feb Long-Term Loan Workout Finally Completed with Strong ROI and Opportunity for New Investments

Posted at 12:44h in Bank workouts

February 6, 2023: Worth Avenue Capital, LLC is pleased to announce that it just successfully completed a $6,250,000 debt restructuring for its investors on a high profile CRE asset in Connecticut. ...

03 Feb Bank Workouts and Debt Restructuring

Posted at 13:18h in Bank workouts

Debt restructuring refers to the process of renegotiating the terms and conditions of a borrower's debt to make it more manageable. Bank workouts are a specific type of debt restructuring that take place between a bank and a borrower. The goal of a bank workout...

30 Dec Real Estate Developer Plans to Use Seven-Figure WAC Loan Towards Condo Complex in CT

Posted at 11:16h in 2022, Recently Funded Loans

December 30, 2022: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $1,000,000 construction loan to a Connecticut based real estate developer. The loan proceeds will be used to partially fund the construction of a twelve unit condominium complex in...