Yoel Goldman’s All Year raises $58M from Israeli investors

The company now has nearly $213M in Israeli bonds in circulation
By Chava Gourarie | January 06, 2017 07:39PM

The William Vale Hotel in Williamsburg.

Yoel Goldman’s All Year Management raised $58.3 million in a private bond offering to Israeli institutional investors, according to documents filed on the Tel Aviv Stock Exchange Thursday.

Just prior to the issuance, All Year reported on the TASE that it was considering including its 50 percent stake in the 21-story William Vale hotel, in the portfolio it was using for the issuance. The William Vale complex in Williamsburg includes a rooftop bar, 40,000 square feet of office and retail space, and a 183-key hotel.

All Year TRData LogoTINY previously completed two public bond offerings on the Israeli market, and before Friday’s bond issue, had close to $155 million in bonds in circulation.

Goldman is part of the tightly-knit community of Hasidic real estate investors that dominates Brooklyn’s multifamily market. In November, his firm secured $215 million in construction loans for its 1 million-square-foot rental complex at the former Rheingold Brewery site in Bushwick.

All Year was advised on the deal by Rafael Lipa and Gal Amit of Victory Consulting. Raising money on the Israeli bond market has become a popular strategy for New York real estate players, and in May, The Real Deal took an in-depth look at the process.