Worth Avenue Capital (WAC) closes $200,000 loan

Guilford, CT Worth Avenue Capital (WAC) closed a $200,000 commercial loan to a market/restaurant. The borrower for working capital purposes is using the loan proceeds and the loan is secured by a first mortgage on a commercial building.

The loan was funded by one of WAC’s private investors with an underlying LTV of approximately 20% and this loan was funded by WAC within one week from its request.

WAC specializes in providing funding solutions alternative financing and advisory services for both small businesses and real estate developers who are having difficulty obtaining conventional bank business financing as well as negotiating bank workouts in a distressed situation on our client's outstanding bank loans.

Since our inception, we have closed numerous transactions for our clients and have been successful at closing many of these transactions whose underlying circumstances were very difficult and challenging. As our nation's distressed economy continues to linger and the bank's underwriting standards for small businesses remain stringent for the near term, WAC will continue to enable our clients to access alternative financing solutions and debt capital for their businesses that was previously not available to them. In addition, we will continue to provide expert advisory services for our clients who need to negotiate with a bank on their outstanding debt.