Derby Copeland Capital Closes $17M Acquisition & Renovation Loan For East Village Mixed-Use Property | 135-139 Avenue a | Derby Copeland Capital | Mixed-use | Loan

Summary

Loan

NEW YORK

Mixed-use

33,376 sqft

Ryco Capital closed a first-priority mortgage loan and building loan for the mixed-use building located at 135-139 Avenue A in the East Village, Manhattan. The property has a total square footage of 33,376 and is a part of the mixed-use market in the area.

Summary of transaction details

Property Type: Mixed-use
Transaction Amount: $17,000,000
Address: 135-139 Avenue A
Market: East Village, Manhattan
Landlord: Ryco Capital
Lender: Derby Copeland Capital
Loan Type: Acquisition & Renovation Loan

Derby Copeland Capital, a New York City based private equity firm specializing in opportunistic real estate related debt financing, provided the loan for the property. The loan includes both an acquisition loan and financing for renovation proceeds. Derby Copeland Management Group, LLC, a registered investment adviser, facilitated the transaction. For more information, interested parties can contact Derby Copeland Capital at [email protected].

Players

All
1

Lenders
1

Derby Copeland Capital

Details

Deal Summary

FINANCED

IMAGE: 12/20/2023 ADDRESS: 135-139 Avenue A MARKET: East Village, Manhattan ASSET TYPE: Mixed-use ~ SF: 33,376 LANDLORD: Ryco Capital LENDER: Derby Copeland Capital LOAN AMOUNT: $17,000,000 LOAN TYPE: Acquisition & Renovation Loan NOTE FROM LENDER: Derby Copeland Capital closed a first-priority mortgage loan and building loan secured by the mixed-use building located at 135-139 Avenue A. At closing, Derby Copeland financed an acquisition loan & will finance renovation proceeds over the course of the borrower's renovation of the building. Derby Copeland Capital is a New York City based private equity firm that specializes in opportunistic real estate related debt financing. Derby Copeland Management Group, LLC is a registered investment adviser. Information presented is for information purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. For more information, please send emails to [email protected].

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Address135-139 Avenue a

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