Derby Copeland Capital Provides $2.975M Loan For Mixed-Use Property On Second Avenue
FINANCED
$2,975,000
+ 2
New York
See Similar DealsMixed-use4,810 SF
Financed 04/22/2021
FINANCED
Derby Copeland Capital Provides $2.975M Loan For Mixed-Use Property On Second Avenue
393 2nd Avenue, Manhattan, New York, NY, USA
See Similar DealsMixed-use4,810 SF
Financed 04/22/2021
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$618
Total Square Footage:4,810 SF
Transaction Type:Loan
The property involved in the transaction is a mixed-use asset located at 393 Second Avenue in Gramercy, Manhattan. The loan was obtained from Derby Copeland Capital for a total amount of $2,975,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,975,000
- Address: 393 Second Avenue
- Market: Gramercy, Manhattan
Derby Copeland Capital, a New York City-based private equity firm specializing in opportunistic real estate related debt financing and equity investments, provided the loan. They are interested in opportunities related to mezzanine loans, construction loans, bridge loans, and preferred equity. For inquiries, contact [email protected].
Players
LENDER
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,975,000.00
Monthly NOI$19,833.33
Monthly Debt Service$18,804.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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