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KJM Holdings Secures $12.4 Million Acquisition Loan From Derby Copeland Capital For Multifamily Asset

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FINANCED
$12,400,000

New York

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MultiFamily38,700 SF
Financed
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Property Image
FINANCED

KJM Holdings Secures $12.4 Million Acquisition Loan From Derby Copeland Capital For Multifamily Asset

529 East 85th Street

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MultiFamily38,700 SF
Financed
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$320
Total Square Footage:38700 SF
Transaction Type:Loan

The property involved in the transaction is a multifamily asset located at 529 East 85th Street in the Yorkville market. The property features an area of 38,700 square feet and is financed through a loan for acquisition purposes amounting to $12,400,000.

Summary of transaction details:

This transaction reflects the collaboration between Derby Copeland Capital and KJM Holdings, with Daniel Neiss of Meridian Capital Group serving as the broker representative. The loan, aimed at acquisition and renovation, underscores the role of Derby Copeland Capital as a private equity firm specializing in real estate-related debt financing and equity investments.

Players

Daniel Neiss
Meridian Capital Group
Daniel Neiss
27 deals$635.8M volume
BROKER
Derby Copeland Capital
Derby Copeland Capital
LENDER

Details

FINANCED
IMAGE: Daniel Neiss DATE: 01/16/2025 ADDRESS: 529 East 85th Street MARKET: Yorkville ASSET TYPE: Multifamily ~ SF: 38,700 LENDER: Derby Copeland Capital LANDLORD: KJM Holdings BROKER: Daniel Neiss - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $12,400,000 LOAN TYPE: Acquisition NOTE FROM LENDER: Derby Copeland Capital closed an acquisition and renovation loan for $12,400,000 at 529 East 85th Street. 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. 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.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$12,400,000.00

Monthly NOI$82,666.67
Monthly Debt Service$78,376.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00