News: Connecticut
Posted: December 16, 2016
Worth Avenue Capital (WAC) closes $100,000 commercial loan
Orange, CT Worth Avenue Capital, LLC closed a $100,000 commercial loan for a Connecticut-based construction company.
The loan proceeds are being used by the sponsor to renovate a residential property as a “fix and flip” project. The sponsor purchased the property through one of their investment vehicles in a foreclosure from a large commercial bank at a below market value price. The loan was funded by one of WAC’s private investors within one week from the day of the loan request.
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:
Connecticut
MORE FROM Connecticut
Connecticut
Reveneer relocates to 9,800 s/f office space at TradeCenter 128
Woburn, MA Reveneer has relocated its global inside sales operation from Burlington to Woburn. Formerly headquartered on Burlington Mall Rd., the firm now occupies 9,800 s/f at Cummings’ landmark TradeCenter 128 business and technology campus.
