Derby Copeland Capital Provides $4M Loan For Carroll Gardens Condo Conversion

A condo development recapitalization for a 5-unit condo conversion has taken place at 538 Clinton Street in Carroll Gardens, Brooklyn. The multifamily property consists of five units and is situated in a market known for its desirable real estate.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Address: 538 Clinton Street
• Market: Carroll Gardens, Brooklyn
• Lender: Derby Copeland Capital
• Landlord: Zaks Development - Lev Zaks

Derby Copeland Capital, a New York City-based private equity firm that specializes in opportunistic real estate-related debt financing and equity investments, provided the loan for the condo development recapitalization. Zaks Development, represented by Lev Zaks, acted as the landlord in the transaction.

Please note that Derby Copeland Capital also considers mezzanine loan, construction loan, bridge loan, and preferred equity opportunities. For further information, interested parties can reach out to [email protected].