Derby Copeland Capital Closes $11M Loan For Mixed-Use Building In East Village

The mixed-use building located at 112 Fourth Avenue in East Village, Manhattan has been involved in a recent closed transaction. The property spans over 14,000 square feet and comprises 9 units. The acquisition of this property has attracted attention in the real estate market.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $11,000,000
• Address: 112 Fourth Avenue, East Village, Manhattan
• Market: East Village, Manhattan
• Square Footage: 14,000
• Units: 9

Derby Copeland Capital, a New York City-based private equity firm, played a significant role in this closed transaction. Acting as the lender, Derby Copeland provided a first-priority mortgage loan and building loan to finance the acquisition and renovation of 112 Fourth Avenue. The loan amount provided by Derby Copeland Capital was $11,000,000. The landlords involved in this transaction are Peak Capital and HudsonPoint Group. The borrower will utilize the financing to support a full gut renovation of the building.

Derby Copeland Capital specializes in opportunistic real estate-related debt financing and has extensive experience in financing projects similar to the acquisition and renovation loan for 112 Fourth Avenue. For more information about Derby Copeland Capital, interested parties can reach out to [email protected].