Derby Copeland Capital Provides $5.5 Million Acquisition Loan To Hammock Development In Flatiron District
25 East 20th Street
$5,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 3, 2025
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 25 East 20th Street in the Flatiron District. The loan amount secured for this acquisition is $5,500,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,500,000
- Market: Flatiron District
- Lender: Derby Copeland Capital
- Landlord: Hammock Development
- Loan Type: Acquisition
The deal involves Derby Copeland Capital, a New York City-based private equity firm specializing in opportunistic real estate-related debt financing and equity investments, and Hammock Development as the landlord. Derby Copeland Management Group, LLC is registered as an investment adviser, though this registration does not imply expertise or skill in investment strategies.
On the Map
$5,500,000
Mixed-use
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Players
New York 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93