WAC specializes in providing funding solutions in Florida. We offer alternative financing and advisory services for both small businesses and real estate developers who are having difficulty obtaining conventional Florida bank business financing as well as negotiating bank workouts in a distressed situation on our client’s outstanding bank loans.
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 and 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.
May 16, 2022: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $150,000 commercial loan to a Connecticut based real estate developer who is a repeat customer for whom WAC has funded numerous transactions during the last six or seven years. The loan proceeds were used as a down payment towards the purchase of land in Groton, Connecticut and the loan is secured by a first mortgage on the property in Groton.
Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $350,000 commercial loan to a real estate investor. The loan proceeds were used by the borrower both to restructure debt as well as provide additional working capital for a new real estate investment opportunity. The loan is secured by a blanket second mortgage on a commercial condominium in Greenwich, Connecticut as well as a residential property in West Hartford, Connecticut with an underlying LTV of approximately 52%.
May 9, 2022: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $60,000 commercial loan for an LLC. The loan is secured by a first mortgage on real property in Wallingford, Connecticut with an underlying LTV of 33% and the loan proceeds were used by the borrower for working capital purposes.
$500,000 bridge loan to a Connecticut based real estate developer for the purpose of purchasing 152 acres of mixed use land in Thompson, Connecticut. Upon completing the purchase of the property, the borrower will seek to obtain final approvals from the town to complete a 47 lot subdivision for a residential development.
Worth Avenue Capital, LLC specializes in providing acquisition financing for a wide variety of real estate transactions in Florida.
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 Florida businesses navigate periods of distress.