2020
WAC Closes Bridge Loan for Restaurant/Market on CT Shoreline
Worth Avenue Capital
January 28, 2020
January 28, 2020: Worth Avenue Capital, LLC is pleased to announce that it successfully closed a $100,000 commercial bridge loan to a well known restaurant/market that is located in the center of one of the Connecticut Shoreline’s towns. The loan proceeds were used by the borrower for working capital purposes and the loan is secured by a first mortgage on a historic commercial building where this business is located with an underlying LTV of approximately 10%.
This business is a repeat borrower of WAC’s and they expect to pay off the bridge loan through general cash flow within one year or less.
Share
Recent Posts
Private Credit: A Growing Opportunity for Retirement Investors
Over the past several years, we have seen more and more investors turn to private credit as an attractive investment option to add...
WAC Closes $600K for U.S. Steel Company
March 6, 2026: Worth Avenue Capital, LLC is pleased to announce that we successfully closed a $600,000 follow on debt offering for a...
How Tailored Lending Supports Your Business Goals
Securing the right financing is essential for businesses looking to grow, manage cash flow gaps, or respond to time-sensitive opportunities. While traditional lending...