Tavor Holdings LLC Secures $1.85 Million Acquisition Loan For Mixed-Use Property In Ridgewood
FINANCED
$1,850,000
New York
See Similar DealsMixed-use
Financed 11/03/2025
FINANCED
Tavor Holdings LLC Secures $1.85 Million Acquisition Loan For Mixed-Use Property In Ridgewood
679 Grandview Avenue
See Similar DealsMixed-use
Financed 11/03/2025
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,850,000.00
Monthly NOI$12,333.33
Monthly Debt Service$11,693.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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