2017
WAC Closes ‘Fix & Flip’ Loan for Stratford, CT Real Estate Investor
Worth Avenue Capital
December 11, 2017
December 11, 2017: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $70,000 “fix and flip” loan for a small Connecticut based real estate investor on an investment property in Stratford, Connecticut. The loan is secured by a first mortgage on the property in Stratford and was funded by one of WAC’s private investors with an underlying LTV of 50%.
The borrower, who purchased this property through a foreclosure at a very favorable price, will renovate the property and list it for sale within the next six months or so and will pay off WAC’s bridge loan upon the sale of the property.
Share
Recent Posts
Rethinking Investment Strategies Amid Market Volatility
During a recent conversation with one of our longtime investors, a seasoned real estate developer who has navigated multiple market cycles, he shared...
Why More Individual Investors Are Choosing Boutique Private Lenders for Private Credit Investments
In recent years, there’s been a noticeable shift in how individual investors approach private credit investing. With the rise of alternative investments and...
Why Accredited Investors Are Turning to Private Credit and Why That Trend Is Accelerating
In the world of wealth management and high-net-worth investing, private credit is rapidly becoming a preferred asset class. Recent estimates suggest that approximately...