Southampton, LI Property Used to Secure a Loan for a Palm Beach, Florida Developer
Southampton, LI Property Used to Secure a Loan for a Palm Beach, Florida Developer
May 20, 2026: Worth Avenue Capital, LLC is pleased to announce that it just successfully closed a $300,000 commercial loan for a Palm Beach, Florida-based real estate developer. The loan proceeds will fund some minor renovation costs for a residential property in Palm Beach that the sponsor purchased on "spec." The loan is secured by a second mortgage on a property in Southampton, Long Island with an underlying LTV of approximately 58%. The sponsor is a multiple repeat borrower of WAC whom we know very well. He anticipates a liquidity event within the next six months, using the proceeds to fully pay off WAC's short-term bridge loan. WAC continues to provide short term bridge loans in wealthy exclusive communities including junior mortgage products that enable borrowers to quickly access cash from the equity of these upscale properties. |
Worth Avenue Capital specializes in structuring short-term bridge loans that provide real estate investors and business owners with the liquidity they need to seize opportunities, restructure debt, or meet working capital demands. With a deep understanding of alternative financing, WAC delivers tailored lending solutions that traditional banks often cannot offer—allowing clients to bridge financial gaps with speed and flexibility. Since its inception, WAC has successfully closed numerous transactions, particularly in complex situations where conventional financing was not an option. To learn more about WAC’s bridge loan solutions, visit our website, explore our YouTube channel'>YouTube channel, or contact WAC’s principal, Michael M. Ciaburri, at worthavenuecapital@gmail.com'>worthavenuecapital@gmail. |
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Media Contact : Michael Ciaburri
Related Links : www.worthavenuecapital.com
Source : https://worthavenuecapital.com/category/transactions/
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