Yoel Goldman scores refi on 10-building Brooklyn package

Joint venture from Northwind and Princeton Holdings provides $69M

From left to right: Ran Eliasaf, Joe Tabak, and 141 Spencer Street (Credit: YJP Real Estate)
From left to right: Ran Eliasaf, Joe Tabak, and 141 Spencer Street (Credit: YJP Real Estate)

Yoel Goldman’s All Year Management closed on a $69 million loan from TNW Capital, a joint venture from Ran Eliasaf of Northwind Group and Joseph Tabak of Princeton Holdings, the lenders told The Real Deal.

The three-year, fixed-rate loan is backed by a diverse portfolio of 10 properties in Brooklyn, which includes multifamily buildings, commercial properties, and vacant land, primarily in Williamsburg and Bedford-Stuyvesant.

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The multifamily properties include a 41-unit building at 141 Spencer Street, and a 37-unit building at 1010 Bedford Avenue, plus several smaller buildings with two to four units. Additional properties include a 3,800-square-foot commercial building at 65 Kent Avenue, and a 10,000-square-foot warehouse at 61 North 9th Street in Williamsburg, and a 2,160-square-foot vacant lot at 1157 Myrtle Avenue.

Tabak and Eliasaf formed TNW Capital last year as a lending platform with the plan to deploy $1 billion in debt backed by real estate assets. Northwind’s portfolio includes the 20-story office building at 40 Exchange Place in the Financial District.

Goldman’s All Year is one of the most active landlords and developers in Brooklyn. His most recent deal was the roughly $55 million pending purchase of a contaminated, 10-parcel site in Greenpoint with the potential to build a 355,000-square-foot building.