April 30, 2026: Worth Avenue Capital, LLC is pleased to announce that it successfully closed a $1,950,000 commercial loan for a New
England-based soccer academy. The loan proceeds were used to restructure debt and for working capital purposes. The loan is secured by a first mortgage on a residential property in Duxbury, Massachusetts with an underlying LTV of approximately 57%.

The sponsor operates one of the premier soccer academies in the Northeast, serving over 4,000 customers. To fund its growth, the borrower needed to restructure its debt, replacing expensive and onerous MCA debt on its balance sheet with more "lender friendly" debt including fresh capital for short term working capital. WAC reacted quickly to the borrower's request and partnered with another boutique private lender in Palm Beach, Florida to fund this transaction in under two weeks.

Now that the borrower has cleaned up the company's balance sheet, they can access a long-term conventional loan in the near term to pay off WAC's bridge loan in full.