News: Financial Digest
Posted: January 8, 2016
Worth Avenue Capital closes $100,000 commercial loan to small business
Rocky Hill, CT Worth Avenue Capital, LLC (WAC) closed a $100,000 commercial loan to a small business that specializes in detailing and cleaning high end and very large commercial vehicles. The loan proceeds will be used to provide working capital for this business and the loan is secured by a first mortgage on real property.
The loan was funded by one of WAC’s private investors and the loan closed within one week from the date of the actual loan application. Since this small business is a fledgling new company, they were unable to secure conventional bank financing. The company expects to obtain more conventional financing within one year once they are more established and in turn pay off WAC’s bridge loan in full.
WAC specializes in arranging debt financing for both small businesses and real estate developers/investors and also handles bank workouts for those same clients.
Tags:
Financial Digest
MORE FROM Financial Digest
Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
Quick Hits
Columns and Thought Leadership
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay
Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)
The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.
