Updated Sep 10, 2026
SL Property Group Secures $8.1 Million Acquisition Loan From Derby Copeland Capital For Upper West Side Multifamily
40 West 87th Street & 42 West 87th Street
$8,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 24, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 40 West 87th Street & 42 West 87th Street in the Upper West Side market. The loan amount for this acquisition is $8,100,000, facilitated by Derby Copeland Capital, a private equity firm based in New York City that focuses on opportunistic real estate-related debt financing and equity investments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,100,000
- Lender: Derby Copeland Capital
- Borrower: SL Property Group
- Loan Type: Acquisition
- Date of Loan: 08/24/2026
- Market: Upper West Side
In this transaction, Derby Copeland Capital serves as the lender to SL Property Group, highlighting the firm's role in financing the acquisition of this multifamily asset. Derby Copeland Management Group, LLC is noted as a registered investment adviser, although such registration does not convey any specific expertise or skill in this context.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93