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Derby Copeland Capital Provides $17M Loan For Acquisition Of 145 2nd Avenue In East Village

Property Image
FINANCED
$17,000,000

New York

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Mixed-use25,340 SF
Financed 06/11/2025
the dealdetailscomps
Property Image
FINANCED

Derby Copeland Capital Provides $17M Loan For Acquisition Of 145 2nd Avenue In East Village

145 2nd Avenue

See Similar Deals
Mixed-use25,340 SF
Financed 06/11/2025
the dealdetailscomps

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$670
Total Square Footage:25,340 SF
Transaction Type:Loan

A mixed-use property located at 145 2nd Avenue in the East Village has been involved in a loan transaction. The asset spans 25,340 square feet and has been financed for an acquisition loan amount of $17,000,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $17,000,000
  • Address: 145 2nd Avenue
  • Market: East Village
  • Lender: Derby Copeland Capital
  • Landlord: Parke Leatherman - Lockhill Properties
  • Loan Type: Acquisition

Derby Copeland Capital managed the loan process for this transaction. Parke Leatherman represents Lockhill Properties in this deal, emphasizing the collaboration between the lender and the landlord to facilitate the acquisition and renovation financing.

Details

FINANCED
IMAGE: Parke Leatherman DATE: 6/11/2025 ADDRESS: 145 2nd Avenue MARKET: East Village ASSET TYPE: Mixed-use ~ SF: 25,340 LENDER: Derby Copeland Capital LANDLORD: Parke Leatherman - Lockhill Properties LOAN AMOUNT: $17,000,000 LOAN TYPE: Acquisition NOTE FROM LENDER: Derby Copeland Capital closed an acquisition and renovation loan for $17,000,000 at 145 Second Avenue in the East Village. Derby Copeland Management Group, LLC is a registered investment adviser, which such registration does not provide any expertise or skill. 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.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$17,000,000.00

Monthly NOI$113,333.33
Monthly Debt Service$107,451.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00