2025
WAC Closes $1.5 Million Loan for OB-GYN Practice in CT
Worth Avenue Capital
June 20, 2025
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.
Share
Recent Posts
What Do You Need to Qualify for a Private Loan?
One of the most common questions I hear from first-time borrowers is, “What do I need to qualify for a private loan?” Although...
Worth Avenue Capital Launches Worth Avenue Capital Development
This New Division Expands Worth Avenue Capital’s Capabilities to Residential Acquisition and Development Opportunities in Palm Beach County PALM BEACH, FL — [September...
Finding the Right Private Lender
Private credit has become an increasingly valuable financing option for real estate investors who need faster, more flexible financing that traditional lenders can’t...