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 OB-GYN medical practice. The loan is secured by a blanket mortgage on two separate properties in both Waterford, Connecticut and Old Saybrook, Connecticut with an underlying LTV of approximately 48%. The loan proceeds are being used by the borrower for working capital purposes to bolster a growing and prosperous medical practice.

The borrower has listed the property in Waterford, Connecticut for sale in the $2,200,000 range and expects to attract a buyer for the property in the near term. Upon the sale of the aforementioned property, WAC’s short term bridge loan will be paid off in full.