WAC Closes Line of Credit for Small Construction Company
April 27, 2018: Worth Avenue Capital, LLC is pleased to announce that it successfully closed a $200,000 line of credit for a small construction company that is based in Fairfield County, Connecticut. The loan proceeds will be used by the borrower as working capital for several construction projects that they are currently undertaking. The loan is secured by a blanket mortgage (both firsts and seconds) on multiple properties that are located in Wilton, Norwalk, and Uncasville, Connecticut and the loan was funded by one of WAC’s private investors.
The company is a repeat borrower of WAC. Most of their construction projects will be completed within the next six months or so at which time the borrower will be able to sell one or more of his properties thus enabling the company to pay off WAC’s bridge loan.
Recent Posts
How Private Second Mortgages Are Helping Real Estate Investors Scale Faster
In today’s competitive real estate environment, access to capital can make or break an investment opportunity. As traditional lending timelines become a barrier...
Worth Avenue Capital Welcomes Noah Luff as Loan Originator
March 16, 2025, Fort Lauderdale, FL – Worth Avenue Capital (WAC) is pleased to announce the addition of Noah Luff as its new...
Spring 2025: Is Now the Right Time to Buy Investment Property? (And How to Get the Right Loan)
Spring has historically been the most active season for real estate, and 2025 is shaping up to be no exception. With more properties...