Derby Copeland Capital Provides $54 Million Refinance Loan For Condo At 660 Lexington Avenue
660 Lexington Avenue
$54,000,000
Building Size
—
Asset Type
Condo
Closing
May 21, 2026
About this deal
AI
This property asset is a condo located at 660 Lexington Avenue in the Midtown Manhattan market. It is involved in a refinance transaction amounting to $54,000,000.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $54,000,000
- Lender: Derby Copeland Capital - Jessie Hutcher
- Landlord: Sergey Rybak & Jason Reznik - Rybak Development
- Brokers: Scott Miller & Rael Gervis - Meridian Capital Group
- Loan Type: Refinance
The deal involves key individuals including Jessie Hutcher representing Derby Copeland Capital as the lender, and Sergey Rybak and Jason Reznik representing Rybak Development as the landlords. Brokers Scott Miller and Rael Gervis from Meridian Capital Group facilitated the transaction.
On the Map
$54,000,000
Condo
View full map
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
Loading comparables…
Deal FAQ
Browse New York condo loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93