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

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.