Nir Mor, Isaac Abraham & Rami Ben Yehuda Of Hanover Capital NY Provide $11.5 Million Refinance Loan
$11,500,000
$294/SF
Building Size
39,000 SF
Asset Type
Mixed-use
Closing
Oct 30, 2025
AI
The asset involved is a mixed-use property located in Downtown Manhattan, encompassing 39,000 square feet and comprising 10 units. The loan associated with this property is a refinance totaling $11,500,000, with a loan price per square foot of $294.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $11,500,000
- Loan PSF: $294
- Asset Size: 39,000 SF
- Units: 10
- Lender: Nir Mor, Isaac Abraham & Rami Ben Yehuda - Hanover Capital NY
- Loan Type: Refinance
- Date of Transaction: 10/31/2025
- Market: Downtown Manhattan
The transaction was facilitated by Nir Mor, Isaac Abraham, and Rami Ben Yehuda from Hanover Capital NY, who were the lending representatives for this refinancing deal. Their involvement indicates a structured approach to financial dealings in the competitive Downtown Manhattan market.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93