Yoel Goldman scores refi on 10-building Brooklyn package

Joint venture from Northwind and Princeton Holdings provides $69M

New York /
Jun.June 04, 2018 02:01 PM

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.

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.


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Mack Real Estate Group's Richard Mack and JPMorgan's Jamie Dimon with a rendering of 123 Melrose Street (Credit: Getty Images and ODA Architecture)
Yoel Goldman sews up long-term funds for Rheingold Brewery Project
Yoel Goldman sews up long-term funds for Rheingold Brewery Project
CBRE CEO Bob Sulentic. (CBRE, Getty)
CBRE’s 2020 earnings down 8%
CBRE’s 2020 earnings down 8%
January is the second consecutive month of increase in new home sales. (Getty)
Sales of new homes up 4.3% in January
Sales of new homes up 4.3% in January
A rendering of the facility at 1029 Newark Avenue in Elizabeth, Fidelco chairman Marc Berson and Elberon Development Group chairman Ann Evans Estabrook (Photos via JLL, Fidelco and Elberon)
Cold storage facility in New Jersey gets $34M loan
Cold storage facility in New Jersey gets $34M loan
Silverstein Properties' Larry Silverstein and Phase I of the Denizen Bushwick at 54 Noll Street (Getty, Google Maps/Illustration by Kevin Rebong for The Real Deal)
Silverstein offers to buy half of All Year’s Bushwick rental complex
Silverstein offers to buy half of All Year’s Bushwick rental complex
HSBC COO John Hinshaw (Getty, iStock)
HSBC to shrink its office footprint amid shift to WFH
HSBC to shrink its office footprint amid shift to WFH
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...