Updated Apr 28, 2026
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Lender: Derby Copeland Capital
- Loan Type: Refinance
- Brokers: David Bollag & James Darling - Meridian Capital Group
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.
On the Map
$3,900,000
MultiFamily
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Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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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