6R Group Secures $19.5 Million Bridge Loan From Hanover Capital For Mixed-Use Asset In Tribeca

The property asset involved in this transaction is a mixed-use building located at 72-74 Warren Street & 88 West Broadway in the Tribeca market. The total square footage of the asset is 32,000. The transaction involved a loan amount of $19,500,000 which is structured as a bridge loan.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $19,500,000
• Lender: Nir Mor - Hanover Capital
• Landlord: 6R Group Shai Shamir
• Broker Representatives: Aaron Niedermayer & Vickram Jambu - JLL
• Loan Type: Bridge
• Date of Transaction: 01/17/2025

This transaction features key individuals including Nir Mor, representing Hanover Capital, who facilitated the loan, and Shai Shamir of 6R Group, serving as the landlord for the property. The brokerage team, comprised of Aaron Niedermayer and Vickram Jambu from JLL, played a critical role in navigating the deal.