News: Connecticut
Posted: March 20, 2020
WAC closes $250,000 loan
Guilford, CT Worth Avenue Capital, LLC (WAC) closed a $250,000 commercial bridge loan to an LLC that is controlled by a real estate professional in New England. The loan proceeds were used by the borrower as an equity investment in an existing business and the loan is secured by a first mortgage on a multi family investment property in Fairfield County, with an underlying LTV of 60%.
The borrower has substantial annual income and will be able to pay off WAC’s loan in full within one year. In addition, this LLC is a repeat borrower of WAC’s who has funded multiple loans for this entity.
Tags:
Connecticut
MORE FROM Connecticut
Example Story Title CT 1
Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19th at the Babson Executive Conference Center in Wellesley, Mass.
