2018
WAC Closes Commercial Loan for Private Real Estate Investor
Worth Avenue Capital
April 3, 2018
April 3, 2018: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $275,000 commercial loan to an LLC that is controlled by a Connecticut based private real estate investor. The loan proceeds were used to purchase real property in Washington Depot, Connecticut and the loan is secured by a first mortgage on the aforementioned property.
The loan was funded by one of WAC’s private investors within two weeks from the day of the actual loan request.
The borrower was able to take advantage of WAC’s streamlined loan approval process that enabled them to purchase this property at a below market price in rapid fashion. Now that the borrower owns the property, they can canvass the conventional loan marketplace to obtain low cost financing thus allowing them to pay off WAC’s bridge loan.
Share
Recent Posts
Strategic Financing Leads to Luxury Home Success in Greenwich
Worth Avenue Capital congratulates our borrower, Dream Home Custom Builders (DHCB), on the successful sale of 273 Riversville Road in Greenwich, Connecticut. This...
Changing Investment Preferences for Baby Boomers: Why Private Credit is on the Rise
The investment landscape for Baby Boomers has undergone a significant shift in recent years. Faced with ongoing stock market volatility driven by the...
WAC Closes $1.5 Million Loan for OB-GYN Practice in CT
June 20,2025: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $1,500,000 commercial loan for a Connecticut based...