Derby Copeland Capital Closes $7.15M Refinance Loan For Mixed-Use Property In East Village

The property located at 638 East 12th Street is a mixed-use asset situated in the East Village market. A refinance loan amounting to $7,150,000 has been secured for this property.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,150,000
• Lender: Derby Copeland Capital
• Landlord: Patoma Partners
• Landlord's Representative: Brad Fishbein & Matthew Albano - GCP Capital Group
• Loan Type: Refinance

Derby Copeland Capital, a private equity firm based in New York City, specializes in opportunistic real estate-related debt financing and equity investments. The firm is also registered as an investment adviser. This transaction reflects the ongoing activities of prominent industry representatives involved in refinancing efforts.