Holliswood Development Secures $13.375 Million Acquisition Loan From Derby Copeland Capital For Condos

The property asset involved in this transaction is a condo located at 303 East 93rd Street and 305 East 93rd Street in the Upper East Side market of Manhattan. The loan amount secured for the acquisition is $13,375,000. The asset is identified as a condominium, highlighting its status within the real estate market.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $13,375,000
• Lender: Derby Copeland Capital
• Loan Originator: Dana Lowey & Solomon Berger
• Landlord: Holliswood Development
• Loan Type: Acquisition
• Market: Upper East Side

Key individuals and companies involved in this deal include Derby Copeland Capital, a private equity firm based in New York City, which specializes in opportunistic real estate-related debt financing and equity investments. The loan was arranged by Dana Lowey and Solomon Berger, who played a pivotal role in facilitating this acquisition process for the landlord, Holliswood Development.