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

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:

• Property Type: Multifamily
• Transaction Amount: $12,400,000
• Lender: Derby Copeland Capital
• Landlord: KJM Holdings
• Broker: Daniel Neiss - Meridian Capital Group
• Loan Type: Acquisition

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.