Hanover Capital Provides $2.65M Bridge Loan For Mixed-Use Property In Nolita, Manhattan
FINANCED
$2,650,000
New York
See Similar DealsMixed-use
Financed 11/29/2023
FINANCED
Hanover Capital Provides $2.65M Bridge Loan For Mixed-Use Property In Nolita, Manhattan
Mixed-use
Financed 11/29/2023
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
A mixed-use property in Nolita, Manhattan with a total square footage of 9,855 has recently undergone a loan transaction. The loan amount for this deal was $2,650,000, obtained through a bridge loan. Hanover Capital, represented by Nir Mor, served as the lender for this transaction.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,650,000
- Market: Nolita, Manhattan
- Square Footage: 9,855
Nir Mor of Hanover Capital played a crucial role in this loan deal as the lender. The bridge loan provided the necessary financial support for the mixed-use property in Nolita, Manhattan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,650,000.00
Monthly NOI$17,666.67
Monthly Debt Service$16,749.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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