01 May Well Established Contractor and Repeat WAC Borrower Benefits from Latest Commercial Loan
May 1, 2017
Worth Avenue Capital, LLC is pleased to announce that it just successfully closed an $800,000 commercial loan for a New Haven County, Connecticut based contractor who is very well established and has been in business since the 1950’s. The loan proceeds were used for both debt consolidation and working capital purposes and the loan is secured by a blanket mortgage on multiple properties. The loan was funded by one of WAC’s private investors.
This company is a repeat borrower of WAC and they have utilized WAC’s streamlined lending process to access much needed capital to grow their business. This loan is also a hybrid of both short term working capital/permanent working capital.