Repeat Borrower Restructures Debt with Worth Avenue Capital

January 13, 2025: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $300,000 commercial loan to a small business that is based in Branford, CT. The loan proceeds will be used to restructure some of the company’s debt as well as for working capital purposes and the loan is secured by a junior mortgage on a luxury beachfront condominium in Naples, Florida with an underlying LTV of approximately 30%.

The company is one of WAC’s numerous repeat borrowers and they are in the process of selling the assets of their company along with their real estate to a strategic buyer. Upon the closing of the sale of those assets, the borrower will pay off WAC’s short term bridge loan in full.

Worth Avenue Capital specializes in arranging debt financing for both small businesses and real estate developers/investors and also handles bank workouts for those same clients. You can learn more about WAC by visiting our website, checking out our Youtube videos or by contacting WACs principal, Michael M. Ciaburri at [email protected] or by phone at (203) 605-4082. WAC maintains offices in both Guilford and Greenwich, Connecticut as well as Palm Beach, Florida.