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
Market 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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93