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78 Grand Street

Derby Copeland Capital Closes $8.75M Refinance Loan For Northwind Group's Mixed-Use Property
FINANCEDMixed-use

Derby Copeland Capital Closes $8.75M Refinance Loan For Northwind Group's Mixed-Use Property

78 Grand Street

$8,750,000

Building Size

Asset Type

Mixed-use

Closing

Jun 2, 2026

AI

The property asset located at 78 Grand Street is classified as mixed-use and is situated in the SoHo market. The transaction involves a loan amount of $8,750,000, designated for refinancing the existing financial obligations associated with the property.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $8,750,000
  • Lender: Derby Copeland Capital
  • Landlord: Northwind Group
  • Loan Type: Refinance
  • Loan Date: 6/3/2026
  • Market: SoHo

Derby Copeland Capital, a private equity firm based in New York City, facilitated the refinance loan for the property. The firm specializes in opportunistic real estate-related debt financing and equity investments. It is important to note that Derby Copeland Management Group, LLC is a registered investment adviser; however, such registration does not confer any expertise or skill.

Players

Derby Copeland Capital
Derby Copeland CapitalLender
Northwind Group
Northwind GroupLandlord

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.81%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93