Derby Copeland Capital Provides $5,150,000 Construction Loan For Brooklyn Condo By Adriel Bolour & Roy Moussaieff
726 Manhattan Avenue
$5,150,000
Building Size
—
Asset Type
Condo
Closing
Mar 24, 2026
About this deal
AI
The property asset involved in the transaction is a condo located at 726 Manhattan Avenue in Brooklyn. The transaction includes a construction loan amounting to $5,150,000. The property is part of a development initiative as indicated by the landlord's active interest in acquiring similar sites in the area.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,150,000
- Lender: Derby Copeland Capital
- Landlord: Adriel Bolour & Roy Moussaieff
- Mortgage Broker: Alec Feintuch - Leviathan Capital
- Loan Type: Construction
The deal features prominent individuals and companies such as Adriel Bolour and Roy Moussaieff, who are the landlords involved in the project. Additionally, Derby Copeland Capital, a firm specializing in real estate-related debt financing and equity investments, is the lender facilitating the mortgage. Alec Feintuch from Leviathan Capital served as the mortgage broker for the transaction.
On the Map
$5,150,000
Condo
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Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93