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1096 Broadway

Derby Copeland Capital Provides $3,900,000 Refinance Loan For Brooklyn Multifamily Asset
FINANCEDMultiFamily

Derby Copeland Capital Provides $3,900,000 Refinance Loan For Brooklyn Multifamily Asset

1096 Broadway

$3,900,000

Building Size

Asset Type

MultiFamily

Closing

Feb 26, 2026

AI

The property involved in this transaction is a multifamily asset located at 1096 Broadway in the Brooklyn market. The loan amount for this refinance transaction is $3,900,000. The asset is indicative of the multifamily sector within the Brooklyn area, reflecting the current market dynamics and investment interests in that location.

Summary of transaction details:

Key individuals involved in this transaction include David Bollag and James Darling, who serve as brokers representing the deal through Meridian Capital Group. Their role emphasizes the professional expertise and brokerage support that facilitated this refinancing process with Derby Copeland Capital.

Players

David Bollag

Meridian Capital Group

Broker

$970.8M

vol

31 deals

Broker
Derby Copeland Capital
Derby Copeland CapitalLender

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93