Derby Copeland Capital Provides $17M Recapitalization Loan In Greenwich Village Deal

Located in Greenwich Village, the asset involved in the transaction consists of eleven mixed-use contiguous townhouse-style buildings at 1-10 Patchin Place and 113 West 10th Street, with a total square footage of 32,628. The loan amount secured for this mixed-use property was $17,000,000, and the lender for this recapitalization was Derby Copeland Capital.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $17,000,000
• Address: 1-10 Patchin Place & 113 West 10th Street
• Market: Greenwich Village
• Lender: Derby Copeland Capital
• Landlord: Firebird Grove
• Broker: Matthew Albano & Brad Fishbein - GCP Capital Group

Derby Copeland Capital, a New York City-based private equity firm specializing in real estate-related debt financing, closed the recapitalization loan for the property. The information provided by Derby Copeland Capital serves informational purposes and does not constitute an offer for specific securities or investments. It is highlighted that investing carries risks, including potential loss of principal capital.