CoFinance And Kings Capital Secure $23.5 Million Loan For Mixed-Use Property At 392-394 W Broadway

392 394 West Broadway

$23,500,000

Building Size

—

Asset Type

Mixed-use

Closing

Aug 13, 2025

AI

The property asset involved in this transaction is a mixed-use development located at 392-394 W Broadway in the SoHo market. The acquisition and construction loan amounts to $23,500,000.

Summary of transaction details:

Property Type: Mixed Use
Transaction Amount: $23,500,000
Lender: Derby Copeland Capital
Landlord: CoFinance – Alex Montebello & Dylan Shaban; Kings Capital – Leo Tebele, George Giannopoulos & Jeff Znaty
Broker: Andrew Iadeluca - New Development Capital, LLC
Loan Type: Acquisition & Construction

This transaction features prominent individuals and entities in the real estate development sector, with the landlord represented by a partnership of CoFinance and Kings Capital, showcasing significant collaboration among reputable figures in the industry.

Players