Terra Developers Secures $25 Million Acquisition Loan From Derby Copeland For 500 Columbus Avenue

The mixed-use property located at 500 Columbus Avenue in New York encompasses a square footage of 35,258. The acquisition loan for this asset was secured for a total of $25,000,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $25,000,000
• Lender: Derby Copeland
• Borrower: Terra Developers
• Landlord's Representative: Max Ralby, Holden Witkoff, Niv Shahmoon & Dante Distefano - Newmark
• Date: 07/29/2026

The transaction involved notable representatives from Newmark, specifically Max Ralby, Holden Witkoff, Niv Shahmoon, and Dante Distefano, who facilitated the deal on behalf of the landlord.