Hanover Capital Refis Long Island City Retail Property With $26M Loan

Vorea Group has landed a $25.8 million loan to refinance a newly developed retail asset in Long Island City, Queens, Commercial Observer has learned. Hanover Capital provided the loan for the developer’s 52,578-square-foot property at 10-04 Borden Avenue that opened in 2024. It’s currently 100 percent leased to indoor skydiving facility iFly, which occupies 14,311 […]