Peter G. Papamichael & Jared Lewis Of Vorea Group Landlord For $25.8M Refinance Loan In Long Island City

The property asset involved in this transaction is located at 10-04 Borden Avenue in Long Island City, featuring a retail space that spans 53,000 square feet. The facility includes an IFly skydiving space and a Vibe Fitness flagship location. The loan amount for this refinance transaction is $25,800,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,800,000
• Loan Type: Refinance
• Lender: Nir Mor & Isaac Abraham - Hanover Capital
• Landlord: Peter G. Papamichael & Jared Lewis - Vorea Group
• Brokers: Daniel Kowalsky, Eugene Weinraub & Max Rubinchik - HKS Real Estate Advisors

The transaction highlights the involvement of key lenders, Nir Mor and Isaac Abraham, representing Hanover Capital. The landlords, Peter G. Papamichael and Jared Lewis, are affiliated with Vorea Group, overseeing the property management. The brokerage team from HKS Real Estate Advisors, comprised of Daniel Kowalsky, Eugene Weinraub, and Max Rubinchik, facilitated this refinancing agreement.