Derby Copeland Capital Closes $4.52M Acquisition Loan For Upper West Side Multifamily

The multifamily building located at 211 West 85th Street in the Upper West Side was involved in a recent transaction. Lawrence Movtady of MOVCAP acted as the landlord in this deal. The first-priority mortgage loan for this property was closed by Derby Copeland Capital, with a loan amount of $4,525,000. The loan, an acquisition type, was secured by the building for financing the acquisition and renovation proceeds.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,525,000
• Address: 211 West 85th Street
• Market: Upper West Side
• Lender: Derby Copeland Capital
• Landlord: Lawrence Movtady - MOVCAP
• Loan Type: Acquisition

Derby Copeland Capital, the lender in this transaction, is a New York City-based private equity firm specializing in real estate-related debt financing and equity investments. The firm will also be providing financing for renovation proceeds during the renovation of the building. Derby Copeland Management Group, LLC, their affiliate, is a registered investment adviser. It's important to note that investing involves risk and potential loss of principal capital, and past performance does not guarantee future returns.