Sivan Equities Secures $2.1M Refinance Loan For Restored Industrial Property In Glen Cove

Sivan Equities secured a refinancing loan in the amount of $2,100,000 for the industrial property located at 111-113 Glen Street in Glen Cove. The loan was provided by Ridgewood Savings Bank.

Summary of transaction details

• Property Type: Industrial
• Loan Amount: $2,100,000
• Loan Type: Refinance
• Lender: Ridgewood Savings Bank
• Landlord: Sivan Equities - Yarden Sivan & Eden Sivan
• Broker: Max Ralby - HKS Real Estate Advisors

Sivan Equities, owned and operated by Yarden Sivan and Eden Sivan, successfully restored 111 Glen Street following a devastating fire in 2019. Despite market volatility, they were able to reposition the property and secure financing for its future development.

Please note that Sivan Equities, based in Long Island, is actively seeking land for ground-up development, as well as multi-family, commercial, and light industrial assets with value-add potential between $1-$5 million in the boroughs and throughout Long Island. They are also interested in non-performing loans. For any potential opportunities or inquiries, please reach out to [email protected].