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JAM Real Estate Partners Secures $9.2M Acquisition Loan For Multifamily At 1269-1271 First Avenue

Property Image
FINANCED
$9,200,000

New York

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MultiFamily30,980 SF
Financed 12/27/2024
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Property Image
FINANCED

JAM Real Estate Partners Secures $9.2M Acquisition Loan For Multifamily At 1269-1271 First Avenue

1269 1st Avenue & 1271 1st Avenue

See Similar Deals
MultiFamily30,980 SF
Financed 12/27/2024
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$297
Total Square Footage:30,980 SF
Transaction Type:Loan

The property asset involved in the transaction is a multifamily building located at 1269-1271 First Avenue in the Upper East Side market. This asset has a total square footage of 15,490 and is associated with an acquisition loan amount of $9,200,000.

Summary of transaction details:

Key individuals and companies involved in the deal include Derby Copeland Capital, a New York City-based private equity firm specializing in opportunistic real estate-related debt financing and equity investments. The firm's registered investment adviser is Derby Copeland Management Group, LLC.

Players

Daniel Fromm
Newmark
Daniel Fromm
82 deals$5.3B volume
BROKER
Derby Copeland Capital
Derby Copeland Capital
LENDER

Details

FINANCED
IMAGE: 12/27/2024 ADDRESS: 1269-1271 First Avenue MARKET: Upper East Side ASSET TYPE: Multifamily ~ SF: 15,490 LENDER: Derby Copeland Capital LANDLORD: JAM Real Estate Partners BROKER: Daniel Fromm (@Ddwb) & Max Ralby - Newmark (@Newmark) LOAN AMOUNT: $9,200,000 LOAN TYPE: Acquisition NOTE FROM LENDER: Derby Copeland Capital closed an acquisition loan for $9,200,000 at 1269-1271 First Avenue. Derby Copeland Capital is a New York City-based private equity firm that specializes in opportunistic real estate-related debt financing & equity investments. Derby Copeland Management Group, LLC is a registered investment adviser. Information presented is for information purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$9,200,000.00

Monthly NOI$61,333.33
Monthly Debt Service$58,150.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00