Nexus Development Group Secures $10.8 Million Refinance Loan From Derby Copeland Capital

222 Henry Street

$10,800,000

Building Size

—

Asset Type

Development Site

Closing

Nov 25, 2025

AI

The asset involved in this transaction is a development site located at 222 Henry Street in Brooklyn. It has a building square footage of 8,780 and has secured a loan amount of $10,800,000. The loan type is a refinance with terms set for 24 months at Sofr + 575.

Summary of transation details:

Property Type: Development Site
Transaction Amount: $10,800,000
Lender: Derby Copeland Capital
Landlord: Nexus Development Group
Brokers: Michael Helmreich, Jake Gluck & Asher Spingarn - Fortune Capital Group
Loan Terms: 24 Months, Sofr + 575

The individuals involved in this deal include Michael Helmreich, Jake Gluck, and Asher Spingarn, who represent the Fortune Capital Group in facilitating the transaction. For any financing inquiries, interested parties are encouraged to reach out to Michael Helmreich at 973-986-5954 or via email at [email protected].

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