News: Financial Digest
Posted: May 10, 2019
Worth Avenue Capital closes four transactions in first quarter of 2019
Worth Avenue Capital LLC
Hartford, CT Worth Avenue Capital, LLC (WAC) closed four transactions totaling $4.145 million during the first quarter of 2019 which included a $3.5 million LOC to a real estate development group.
The summary recently funded transactions is below:
• 1/11: $250,000 to a real estate developer in Fairfield County, CT;
• 1/24: $120,000 for a “fix & flip;”
• 2/27: $3.5 million construction loan on commercial real estate - largest loan closing since inception;
• 3/20: $275,000 CRE loan.
Worth Avenue Capital is a direct private lender for both small businesses and real estate developers/investors and also handles bank workouts for those same clients. WAC’s principal is Michael Ciaburri. WAC maintains offices in both Guilford and Greenwich, Conn. as well as Palm Beach, Fla.
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