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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 sold the property in Westport, Connecticut that enabled the business to pay off both of WAC’s loans in full.
WAC funded both loan requests within three business days and both of the loans were paid off in full within 90 days from the original origination dates.
Another successful transaction for both WAC and its borrower.
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.
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