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Worth Avenue Capital, LLC. Closes $550,000 CT-Based Commercial Loan
Worth Avenue Capital
October 22, 2025
October 22, 2025: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $550,000 commercial loan for a Connecticut based real estate developer who specializes in new home construction and renovations as well as condominium development projects. The loan proceeds will be used to convert a single family residence in Uncasville, Connecticut into a four family residence as well as to consolidate some existing debt. The loan is secured by a second mortgage on the property in Uncasville, Connecticut with an underlying LTV of approximately 70%.
The sponsor is one of many of WAC’s multiple repeat borrowers. He and WAC have partnered together on numerous successful real estate development projects. The borrower should be able to complete the renovation and transformation of the above referenced property within the next 90 to 120 days and will then list the property for sale upon the completion of the construction. Upon the sale of the property, WAC’s short term bridge loan will be paid off in full.
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