Worth Avenue Capital closes $2.5 million CRE loan

West Hartford, CT Worth Avenue Capital, LLC closed a $2.5 million CRE loan to a New England-based real estate developer to be used for soft costs towards the development of a mixed use real estate project. The loan is secured by a first mortgage on one of the parcels of this vast and well diversified project whose future tenants include a well-known medical and hospital organization, a residential component that includes the construction of new apartments, a nationally known fitness company and several others. Upon completion of the construction of this project and the final execution of the leases of the new tenants, this property will be one of the premier real estate assets in greater Hartford.

WAC continues to provide bespoke short term bridge loans to this multiple repeat borrower to fit the financing requirements of each one of their real estate development projects. Each loan is crafted and tailored to meet the needs of the borrower.

Tags: Finance Connecticut

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