Providing Commercial Real Estate & Small Business Loans Since 2008
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.
February 8, 2021: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $200,000 CRE loan to a Connecticut based real estate developer/investor. The loan proceeds will be used for renovation costs on a portion of a 110,000 square foot industrial building that the borrower owns in South Windsor, Connecticut.
February 8, 2021: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $300,000 Commercial Real Estate mezzanine facility on a mixed use building in downtown Hartford, Connecticut for a real estate investor.
Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $350,000 construction loan for a real estate developer/investor on a new "spec" house in Greenwich, Connecticut.
I have known Michael Ciaburri for many years as my company was a customer of the bank in New Haven, Connecticut in which was the President & CEO. When obtaining bank financing became very difficult for my company in 2008, I turned to Michael and Worth Avenue Capital and they have funded and closed several different loans for my company over the last several years. WAC has provided my company much needed working capital when the banks continue to say no to us for our financing needs.
I was recently referred to Michael Ciaburri of Worth Avenue Capital by a loan broker in order to restructure my small business' debt. I found that WAC was the only private lender in the marketplace that would consider lending my company the money secured by a second mortgage on my commercial building. Mr. Ciaburri funded my loan request very quickly and with no bureaucracy.
I have borrowed money from Worth Avenue Capital on two separate occasions for "fix and flip" projects in Connecticut. Their "high touch" service is outstanding and their loan approval and funding process is both quick and efficient. I plan on continuing to utilize WAC's private lending services for my future financing needs.
I reached out to Michael Ciaburri of Worth Avenue Capital and he has now funded three separate real estate development projects for me within the last few years.
I hired Michael Ciaburri of Worth Avenue Capital and he helped me successfully negotiate a Forbearance Agreement with the bank.
I hired Michael Ciaburri of Worth Avenue Capital and he achieved immediate results for me with my bank.
Worth Avenue Capital, LLC specializes in providing acquisition financing for a wide variety of real estate transactions.
Worth Avenue Capital, LLC has a long and successful history of lending to borrowers pledging collateral in the form of a second mortgage.
Michael Ciaburri of Worth Avenue Capital, LLC spent 30 years in community banking helping businesses navigate periods of distress.
Small balance loans are often rejected by conventional lenders as they are unable to offset the substantial fixed costs of underwriting and regulatory compliance. Since Worth Avenue Capital, LLC provides private loans, it can underwrite and approve most loan requests in days, not months, resulting in an ability to provide small balance loans to borrowers.
Whether your capital need is $50,000 or $5,000,000, Worth Avenue Capital’s flexibility and nimbleness allows us to operate in the small balance loan space.
Any business owner with capital needs has likely had the unenviable task of approaching a bank to inquire about a loan. What makes this process so unpleasant? The mountain of paperwork, repeated conversations, and seemingly unnecessary documentation the bank requests only to deliver a non-committal…
The State of Fix-and-Flip According the National Association of Realtors, 2016, 2017, and 2018 represent the lowest inventory levels of existing homes since 2009. In many markets, that tight inventory has resulted in competition amongst buyers, driving up prices and strengthening the terms sellers can…