Worth Avenue Capital Finances Successful Greenwich Luxury Condo Development

Congratulations to Dream Home Custom Builders (DHCB), who has successfully closed on the sale of three out of four luxury condominium units at 57 and 59 Locust Street in downtown Greenwich, Connecticut. This upscale residential development is located within walking distance of the renowned Greenwich Avenue shopping district. This is a highly attractive area to buyers in one of the most sought-after real estate markets in the country.

Worth Avenue Capital provided a strategic mezzanine bridge construction loan to DHCB, supporting the full renovation and repositioning of the condo units as part of this high-end real estate development project. The Greenwich, CT real estate market remains exceptionally strong, with limited inventory across all asset classes, particularly in the luxury condominium segment.

Each of the three units sold for $4,000,000, with strong demand and multiple potential buyers, reflecting the continued strength of the luxury housing market in Greenwich.

To date, Worth Avenue Capital and DHCB have partnered on ten real estate development projects. DHCB is one of many “blue chip” real estate operators who consistently return to Worth Avenue Capital for access to customized private lending solutions that help drive successful outcomes. These bespoke financing products are designed for experienced developers and investors and are a core part of Worth Avenue Capital’s value proposition in high-end real estate markets.