News: Financial Digest

Worth Avenue Capital, LLC continues to remain active in under served markets

Small businesses and real estate developers/investors are experiencing persistent and sustained challenges in obtaining conventional bank financing. Banks continue to be hampered by an onerous regulatory environment that seems to grow more complex each year and prohibits banks from undertaking certain types of loans. As a result of this persistent regulation, banks are only able to lend money to a small percentage of the small business community who actually meet the strict loan underwriting criteria that banks are forced to impose on their loan applicants. As the demographics suggest, the majority of this market segment does not meet the necessary qualifications to obtain a bank loan and thus must seek alternative financing options to satisfy their working capital needs. Since 2008 Worth Avenue Capital, LLC has closed numerous commercial loan transactions for both the small business and commercial real estate communities in the alternative lending space. WAC continues to remain active in arranging capital for under served markets. WAC specializes in arranging debt financing for both small businesses and real estate developers/investors and also handles bank workouts for those same clients.
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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.
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