Tavor Holdings LLC Secures $1.85 Million Acquisition Loan For Mixed-Use Property In Ridgewood

The asset involved in this transaction is a mixed-use property located at 679-681 Grandview Avenue in the Ridgewood market. The acquisition involved a loan amount of $1,850,000 with fixed rate, non-recourse terms, aimed at facilitating the purchase by the borrower.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,850,000
• Lender: Pacific National Bank
• Landlord: Tavor Holdings LLC
• Broker: Gabe Icikson - Meridian Capital Group
• Loan Type: Acquisition
• Loan Terms: Fixed rate, non-recourse

Gabe Icikson, representing Meridian Capital Group, played a crucial role in successfully obtaining a non-recourse loan for a first-time borrower, highlighting the expertise in navigating such financial arrangements.