Binyomin Ribiat obtained financing of $8M from Spruce Capital Partners

Binyomin Ribiat through the entity The Willart LLC as borrower signed a loan agreement with lender Spruce Capital Partners through the entity S3 RE Funding II LLC valued at $8.1 million for 1 parcel, including the tax class zoned primarily residential, except not Manhattan below 110th Street (V3) at 707 Willoughby Avenue in Bedford-Stuyvesant. The deal closed on August 06, 2019 and was recorded on August 30, 2019.

The last time the property sold was February 12, 2018, for $3,500,000.

Over the past five years, there have been 6 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $50,000.There has been one new building permit application totaling 17,587 square feet. Those plans include a total of 20 residential or hotel units. There have been 4 demolition projects filed over the past five years. The demolition included 7 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link