facebook
Traded Co logo
Submit

Kings Capital Secures $21.5 Million Refinance Loan From Derby Copeland Capital For Hell's Kitchen Multifamily

Property Image
FINANCED
$21,500,000

New York

See Similar Deals
MultiFamily35,840 SF
Financed 12/23/2025
the dealplayerscompscontact
Property Image
FINANCED

Kings Capital Secures $21.5 Million Refinance Loan From Derby Copeland Capital For Hell's Kitchen Multifamily

359 West 48th Street

See Similar Deals
MultiFamily35,840 SF
Financed 12/23/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$599
Total Square Footage:35,840 SF
Transaction Type:Loan

The property asset involved is a multifamily building located at 359 West 48th Street in the Hell's Kitchen market. This asset encompasses a total of 35,840 square feet and has secured a refinance loan amounting to $21,500,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $21,500,000
  • Loan Type: Refinance
  • Lender: Derby Copeland Capital
  • Landlord: Kings Capital

Key individuals in this transaction include Derby Copeland Capital, which is a private equity firm based in New York City specializing in opportunistic real estate-related debt financing and equity investments. The firm executed the recapitalization loan for this property. Derby Copeland Management Group, LLC is also associated with the lender as a registered investment adviser.

Details

FINANCED
IMAGE: 12/23/2025 ADDRESS: 359 West 48th Street MARKET: Hell's Kitchen ASSET TYPE: Multifamily ~ SF: 35,840 LENDER: Derby Copeland Capital LANDLORD: Kings Capital (@KingsCapitalRE) LOAN AMOUNT: $21,500,000 LOAN TYPE: Refinance NOTE FROM LENDER: Derby Copeland Capital closed a recapitalization loan for $21,500,000 at 359 West 48th Street in Hell’s Kitchen. 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, which such registration does not provide any expertise or skill. 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.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$21,500,000.00

Monthly NOI$143,333.33
Monthly Debt Service$135,894.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00