Urban View Development Group borrows $6M from Terra Solid Capital for residential construction in Ridgewood

Nadav Hamo’s Urban View Development Group through the entity Summerfield Group Ventures LLC as borrower signed a loan agreement with lender Terra Solid Capital Ltd. valued at $6 million for 1 parcel, including the tax class not available at 1661 Summerfield Street in Ridgewood. The deal closed on July 10, 2020 and was recorded on August 6, 2020. The now-bankrupt company Brookland Capital filed plans in 2016 that have been permitted, to build a 28-unit residential building on the site.

The entity Summerfield Group Ventures bought this parcel and the neighboring parcel for $6.5 million last year.

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