2017
WAC Successfully Closes Loan for New England Real Estate Investor
Worth Avenue Capital
January 27, 2017
January 27, 2017
Worth Avenue Capital, LLC is pleased to announce that it successfully closed a $100,000 commercial loan for a New England based real estate investor. The loan proceeds were used by the borrower to invest in a development project in Rhode Island and the loan is secured by a first mortgage on an investment property in Fairfield, Connecticut with an underlying LTV of 31% and the loan was funded by one of WAC’s private investors.
The borrower expects to pay off WAC’s bridge loan within six months or less either through the refinance of one of his real estate holdings or through commissions that he receives from his business. WAC was able to fund this loan within one week from the time that the borrower needed to fund their loan request.
Share
Recent Posts
Strategic Financing Leads to Luxury Home Success in Greenwich
Worth Avenue Capital congratulates our borrower, Dream Home Custom Builders (DHCB), on the successful sale of 273 Riversville Road in Greenwich, Connecticut. This...
Changing Investment Preferences for Baby Boomers: Why Private Credit is on the Rise
The investment landscape for Baby Boomers has undergone a significant shift in recent years. Faced with ongoing stock market volatility driven by the...
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...