News:
Connecticut
Posted: May 19, 2017
Worth Avenue Capital closes $50,000 loan
Guilford, CT Worth Avenue Capital, LLC has closed a $50,000 commercial loan on a newly formed LLC for a Connecticut-based real estate investor.
The loan proceeds were used by the borrower to consolidate some outstanding real estate related debts and the loan is secured by a first mortgage on real property in Madison, Connecticut with an underlying LTV of 18%. The loan was funded by one of WAC’s private investors and the loan was funded in four days.
WAC’s bridge loan will be paid off in full from the sale of a piece of real estate within the next several months.
Tags:
Connecticut
MORE FROM Connecticut
Galton of Houlihan Lawrence sells 15,800 s/f Wake Robin Inn for $3.5m
Lakeville, CT Houlihan Lawrence Commercial, a division of Houlihan Lawrence, a real estate firm serving Connecticut and New York City’s northern suburbs, has brokered the sale for $3.5 million of the Wake Robin Inn, a 15,800 s/f historic inn located on 11.52 acres at 106 Sharon Rd.
