News: Financial Digest
Posted: March 11, 2022
Worth Avenue Capital closes $130,000 commercial loan
New Haven, CT Worth Avenue Capital, LLC (WAC) closed a $130,000 commercial loan to a small market/restaurant in New Haven County, Conn. The borrower is using the loan proceeds for working capital purposes and the loan is secured by a first mortgage on a commercial building that is situated in a prime historic downtown location on the Connecticut shoreline. The LTV on this transaction is 15%.
This small business has been a multiple repeat borrower for WAC as they continue to access bridge financing from WAC for their short term working capital needs. The borrower will pay off the loan through general cash flow and the loan was funded by WAC in less than one week.
WAC specializes in arranging debt financing for both small businesses and real estate developers/investors and also handles bank workouts for those same clients.
WAC maintains offices in both Guilford and Greenwich, Connecticut as well as Palm Beach, Florida.
Tags:
Financial Digest
MORE FROM Financial Digest
Example Story Title FD 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.
.png)
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.