P. Zaccaro Secures $32.8 Million Refinance Loan For Multifamily Portfolio In Manhattan

The asset involved in this transaction is a multifamily and mixed-use property portfolio located at 241 Mulberry Street, 1-3 Mott Street, and 218 Lafayette Street in Manhattan. The portfolio encompasses a total square footage of 26,026 and includes 24 residential units, featuring a 24-unit walkup at the aforementioned address.

Summary of transaction details:

• Property Type: Multifamily & Mixed use
• Transaction Amount: $32,800,000
• Loan Amount: $32,800,000
• Loan Type: Refinance
• Lender: Derby Copeland Capital
• Landlord: P. Zaccaro
• Units: 24
• Market: Manhattan
• Note: P. Zaccaro refinanced a three-property Manhattan portfolio in Nolita, Chinatown, and SoHo with a $32.8 million loan from Derby Copeland Capital, secured across 27 residential units including the 24-unit walkup at 241 Mulberry Street.

Key individuals involved in the transaction include P. Zaccaro, who serves as the landlord, and Derby Copeland Capital, the lender facilitating the refinance of this multifamily and mixed-use portfolio in Manhattan.