WAC Loans Working Capital to CT Real Estate Investor
March 7, 2025: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $400,000 commercial loan for a Connecticut based real estate investor. The loan proceeds were used for working capital purposes and the loan is secured by a first mortgage on a commercial condominium unit in Greenwich, Connecticut with an underlying LTV of approximately 33%. ?
The borrower owns two commercial condominium units in a medical building that is located in the "hub" of Greenwich, Connecticut that is walking distance to Route 1 and the Post Road. This medical building is typically fully leased with medical tenants, especially dentists and periodontists. Both of the borrower's units are leased to a periodontist who recently signed a new ten year lease on both units. This periodontist is spending approximately $300,000 in leasehold improvements inside both of these units that will further increase the market value of both units upon the completion of the renovation. ?
The sponsor is another one of WAC's multiple repeat borrowers who is in the midst of restructuring all of the existing debt on both of these condominium units and expects to pay off this short term bridge loan within the next several months. WAC continues to be a very active bridge lender in both Greenwich and the other luxury towns of Fairfield County, Connecticut. ?
Worth Avenue Capital specializes in structuring short-term bridge loans that provide real estate investors and business owners with the liquidity they need to seize opportunities, restructure debt, or meet working capital demands. With a deep understanding of alternative financing, WAC delivers tailored lending solutions that traditional banks often cannot offer—allowing clients to bridge financial gaps with speed and flexibility. Since its inception, WAC has successfully closed numerous transactions, particularly in complex situations where conventional financing was not an option.
To learn more about WAC’s bridge loan solutions, visit our website, explore our YouTube channel, or contact WAC’s principal, Michael M. Ciaburri, at?[email protected]?or (203) 605-4082. WAC maintains offices in Guilford and Greenwich, Connecticut, as well as Palm Beach, Florida. Follow @worthavecapital on X for the latest lending news.?