The owner of a mixed-use building in Brooklyn is facing foreclosure after allegedly failing to pay back his debt to the tune of almost $22 million, records show.
Victor Tawil, principal of Bx Capital — a family-office lending service based in Midtown — has allegedly defaulted on a $21.8 million loan tied to the 7-story building at 1930 Bedford Ave. in Prospect Lefferts Gardens, according to a lawsuit filed in Brooklyn Supreme Court Tuesday.
Tawil, whose company bio indicates he’s owned and invested in multifamily, office and hospitality properties since the early aughts, serving as the primary manager for over $500 million worth of assets, acquired the building at the southeast corner of Prospect Park for $27.3 million in 2020 under the limited liability company Oldham Properties, records show. Records show he financed the transaction with a loan from New York Community Bank, which later merged with Flagstar Bank.
Tawil allegedly defaulted on the loan in March 2024 and has an unpaid principal balance of more than $20 million, according to court documents. The debt was assigned to Madison Avenue-based Reverence Capital Partners via the entity RCPRE I 1930 Bedford Ave LLC. The complaint names Tawil and Oldham Properties.
Known as Prospect Quarters and completed in 2018, the roughly 50,000-square-foot building between Fenimore and Hawthorne streets, comprises 38 apartments and retail and office space on the bottom three floors, including the lower level, records show. None of the residential units is currently available — a two-bedroom last rented this month for $3,850, according to StreetEasy. About 9,000 square feet of retail space is available for rent, according to information from CoStar.
Tawil has not yet filed an official response to the complaint, and no lawyer is listed for him, according to court documents; attempts to reach Tawil by press time were unsuccessful. Michael Bonneville, a partner at Midtown-based firm Kriss & Feuerstein, which is representing Flagstar in the complaint, did not return a request for comment by press time.
