WAC Closes $250k Commercial Loan to CT-Based LLC.

June 12, 2026: Worth Avenue Capital, LLC is pleased to announce the closing of a $250,000 commercial loan to a business-purpose LLC. The loan proceeds were used for working capital purposes and the loan is secured by a second mortgage on a residential property in Ridgefield, Connecticut with an underlying LTV of approximately 55%. WAC continues to be a market leader in providing short term bridge loans secured by junior mortgages. This loan is expected to be paid off in full within about six months from the proceeds of a long term conventional mortgage.