Derby Copeland Capital Provides $4.65M Refinance Loan For Multifamily Buildings In Kips Bay

Two adjacent buildings located at 243 East 31st Street and 245 East 31st Street were financed through a recapitalization loan in the amount of $4,650,000. The total square footage of the multifamily asset is 4,640, situated in the Kips Bay market of Manhattan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,650,000
• Loan Type: Refinance
• Lender: Derby Copeland Capital
• Market: Kips Bay, Manhattan
• Asset Address: 243 East 31st Street & 245 East 31st Street
• Square Footage: 4,640

Derby Copeland Capital, a private equity firm based in New York City, specializes in opportunistic real estate-related debt financing and equity investments. The firm is noted for its involvement in this transaction, and Derby Copeland Management Group, LLC is identified as a registered investment adviser. The information provided does not constitute an offer or solicitation for the sale or purchase of any specific securities, investments, or strategies.