28 Sep Real Estate Investor Purchases Residential Property in Weston, CT with WAC Loan
September 29, 2023: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $130,000 commercial loan to a real estate investor who is purchasing a residential property in Weston, Connecticut. The loan proceeds will be used towards the purchase of the aforementioned property and the loan is secured by a second mortgage on another residential property in Norwalk, Connecticut with an underlying LTV of approximately 50%.
The property in Norwalk, Connecticut is already under contract for sale and is scheduled to close in late October. WAC’s short term bridge loan will be paid off in full upon the sale of the property in Norwalk, Connecticut.
WAC funded this new commercial loan origination in less than one week.
Worth Avenue Capital specializes in arranging debt financing for both small businesses and real estate developers/investors and also handles bank workouts for those same clients. You can learn more about WAC by taking a look at the [website] http://www.weclosecommercialloans.com) and Youtube videos or by contacting WAC’s principal, Michael M. Ciaburri at worthavenuecapital@gmail.com or (203) 605-4082. WAC maintains offices in both Guilford and Greenwich, Connecticut as well as Palm Beach, Florida. Be sure to follow @worthavecapital on Twitter for the latest lending news.