News:
Connecticut
Posted: June 17, 2016
Worth Avenue Capital closes $500,000 commercial loan
Greenwich, CT Worth Avenue Capital, LLC closed a $500,000 commercial loan for an LLC whose sole purpose is to make private investments. The loan is secured by a blanket mortgage on properties located in Greenwich and Water Mill (Southampton), N.Y. and the loan was funded by one of WAC’s private investors.
The borrower needed this short term financing as a bridge in anticipation of monetizing one or two different investments in their portfolio. As soon as either one of these investments monetizes, the borrower will pay off WAC’s bridge loan.
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.
Quick Hits
