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Rachel Brill Of Glacier Equities Secures $26 Million Loan From Derby Copeland Capital

Property Image
FINANCED
$26,000,000

New York

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Development Site58,000 SF
Financed 09/05/2025
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Property Image
FINANCED

Rachel Brill Of Glacier Equities Secures $26 Million Loan From Derby Copeland Capital

151 Kent Avenue

See Similar Deals
Development Site58,000 SF
Financed 09/05/2025
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$448
Total Square Footage:58,000 SF
Transaction Type:Loan

The property asset involved in this transaction is a mixed-use development site located at 151 Kent Avenue in Brooklyn. It has a building square footage of 58,000 and a total buildable square footage (BSF) of 75,000. The total capitalization for this asset is $56,000,000, with a loan amount of $26,000,000 and LP equity amount of $30,000,000.

Summary of transaction details:

  • Property Type: Acquisition & Pre-Development
  • Transaction Amount: $56,000,000
  • Lender: Derby Copeland Capital
  • Landlord: Rachel Brill - Glacier Equities
  • Broker Representatives: Dylan Kane & Zachary Redding - Colliers

This transaction involved key individuals including Rachel Brill, who serves as the landlord representing Glacier Equities. Additionally, the brokerage was represented by Dylan Kane and Zachary Redding from Colliers. These professionals played a crucial role in facilitating the acquisition and pre-development of the mixed-use property.

Players

Dylan Kane
58 deals$2.9B volume(516) 965-7860
BROKER

Zach Redding
Colliers
54 deals$1.8B volume(570) 574-9015
BROKER

Colliers
BROKERAGE

Details

FINANCED
IMAGE: Rachel Brill, Dylan Kane & Zachary Redding DATE: 9/10/2025 ADDRESS: 151 Kent Avenue MARKET: Brooklyn ASSET TYPE: Mixed-Use/ Development Site ~ BSF: 75,000 ~ SF: 58,000 LENDER: Derby Copeland Capital LANDLORD: Rachel Brill - Glacier Equities BROKERS: Dylan Kane (@DylanKane1) & Zachary Redding (@ZRedds) - Colliers (@ColliersInternational) TOTAL CAPITALIZATION: $56,000,000 LOAN AMOUNT: $26,000,000 LP EQUITY AMOUNT: $30,000,000 TYPE: Acquisition & Pre-Development

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$26,000,000.00

Monthly NOI$173,333.33
Monthly Debt Service$164,337.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00