Derby Copeland Capital Provides $18.3 Million Loan To Glacier Equities For Mixed-Use Property
151 Kent Avenue
$18,300,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 9, 2025
About this deal
AI
151 Kent Avenue is a mixed-use asset located in Williamsburg, Brooklyn. The property has secured a loan amount of $18,300,000. This transaction reflects the financial dynamics within the area, focusing on supporting real estate-related initiatives.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $18,300,000
- Lender: Derby Copeland Capital
- Landlord: Glacier Equities
- Market: Williamsburg
Derby Copeland Capital, a New York City-based private equity firm known for opportunistic real estate-related debt financing and equity investments, facilitated this loan. The firm is also accompanied by Derby Copeland Management Group, LLC, which is registered as an investment adviser.
On the Map
$18,300,000
Mixed-use
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Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93