Peak Capital Secures $13.1M Acquisition Loan From Derby Copeland Capital For Multifamily In Lenox Hill
FINANCED
$13,100,000
New York
See Similar DealsMultiFamily23,770 SF
Financed 01/17/2025
FINANCED
Peak Capital Secures $13.1M Acquisition Loan From Derby Copeland Capital For Multifamily In Lenox Hill
308 East 78th Street
See Similar DealsMultiFamily23,770 SF
Financed 01/17/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$551
Total Square Footage:23,770 SF
Transaction Type:Loan
The property at 308 East 78th Street in Lenox Hill is a multifamily asset with a total square footage of 23,770. The acquisition loan secured for this property amounts to $13,100,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,100,000
- Lender: Derby Copeland Capital
- Landlord: Alex Rabin & David Gomez - Peak Capital
- Brokers: Michael Lohan, Mitch Uris & Evan Gaines - Nineteen Blocks
- Loan Type: Acquisition
Nineteen Blocks, representing Peak Capital, was instrumental in securing the acquisition loan. This acquisition is another addition to Peak's portfolio, showcasing their continued investment in prime Upper East Side properties. For any equity and debt needs nationwide, interested parties can contact Evan at Nineteen Blocks.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,100,000.00
Monthly NOI$87,333.33
Monthly Debt Service$82,800.91
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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