 (1).png)
News:
Owners Developers & Managers
Posted: July 24, 2020
Worth Avenue Capital, LLC funds $750,000 loan for New England Tech Co.
Greenwich, CT Worth Avenue Capital, LLC (WAC) closed a $750,000 commercial construction loan for a New England based technology company. The loan proceeds will be used by the borrower for improvements on a building in Southern N.E. that an affiliate of the company purchased as part of the company’s continued growth. The loan was funded by a syndication of WAC’s investors and the loan is secured by a first mortgage on the property that is owned by the company’s affiliate with an underlying LTV of 75%.
Despite the challenges in the marketplace presented by COVID-19, WAC was able to underwrite and close this loan quickly.
thus allowing the borrower to proceed rapidly with the continuation of executing their business model.
As the construction on the building progresses, the market value of WAC’s collateral will increase exponentially. Upon the completion of the construction, the borrower will obtain long term commercial mortgage financing on the facility and will pay off WAC's bridge loan in full.
MORE FROM Owners Developers & Managers
Routine Properties acquires Bristol Business Park at 383 Middle St. - 406,665 s/f industrial campus
Bristol, CT Routine Properties, a boutique real estate development and investment firm specializing in industrial assets throughout the Northeast, has acquired the Bristol Business Park, a 406,665 s/f industrial campus located at 383 Middle St.
.png)
Quick Hits
Columns and Thought Leadership
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch
On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant