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WAC Supplies $240K CRE Loan

January 11, 2016 | Reprints | Unlock Link | Print

Worth Avenue Capital LLC (WAC) closed on a $240,000 CRE loan for the real estate investment subsidiary of a Connecticut-based building supply company.

The proceeds were used to pay off a supplier of the building supply company and the loan was secured through a blanket first mortgage on two commercial investment properties that are adjacently located in Willington. One of WAC’s private investors funded the loan.

Michael Ciaburri of WAC helped secure the loan.