Nir Mor, Isaac Abraham, Rami BenYehuda Of Hanover Capital NY Provide $20 Million Bridge Loan For 120,000 SF Land In Brooklyn
$20,000,000
$166/SF
Building Size
120,000 SF
Asset Type
Land
Closing
Aug 3, 2026
About this deal
AI
The asset involved in the transaction is a land parcel located in the Brooklyn market, covering an area of 120,000 square feet. The loan amount secured against this land is $20,000,000, designated as a bridge loan.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $20,000,000
- Lender: Nir Mor, Isaac Abraham, Rami BenYehuda - Hanover Capital NY
- Loan Type: Bridge
- Date: 08/03/2026
The deal involves key individuals representing the lending party, specifically Nir Mor, Isaac Abraham, and Rami BenYehuda, who are affiliated with Hanover Capital NY in their role as lenders for this transaction.
Players
Market Land Market Snapshot
Boundary boundary · Land · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93