FINANCEDMixed-use
Derby Copeland Capital Closes $23.5 Million Refinance Loan For Mixed-Use Property In Soho
392 West Broadway
$23,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 13, 2025
AI
The property involved in the transaction is a mixed-use asset located at 392 West Broadway in the Soho market. The loan amount secured for this property is $23,500,000, which is designated for refinance purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $23,500,000
- Loan Type: Refinance
- Lender: Derby Copeland Capital
- Market: Soho
- Loan Date: 8/14/2025
Derby Copeland Capital, a New York City-based private equity firm, was the lender involved in this transaction. They specialize in opportunistic real estate-related debt financing and equity investments. Their registered investment adviser status through Derby Copeland Management Group, LLC does not indicate any expertise or skill in the investment field.
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93