2019
WAC Closes Loan for Construction of Duplex in Norwalk, CT
Worth Avenue Capital
July 30, 2019
July 30, 2019: Worth Avenue Capital is pleased to announce that it just successfully closed an $85,000 commercial loan to a builder in Fairfield County, CT. The loan proceeds are being used to complete the construction of a duplex in Norwalk, CT and the loan is secured by a blanket second mortgage on three pieces of real estate in Connecticut with an underlying LTV of approximately 55%. The loan was funded by one of WAC’s private investors.
The sponsor is a repeat borrower of WAC and has handled a number of fix and flip loans as agreed. He is in the process of selling two properties that he owns and will pay off this short term bridge loan as soon as one of the properties has sold.
Share
Recent Posts
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...
WAC funds $1,400,000 Bridge Loan in Greenwich, CT
May 13,2025: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $1,400,000 bridge loan to a luxury home...