facebook
Traded Co logo
Submit

Lloyd Properties & Kadima Properties Secure $11.4M Acquisition Loan From Derby Copeland In Boerum Hill

Property Image
FINANCED
$11,400,000

New York

See Similar Deals
MultiFamily132,000 SF
Financed 12/19/2024
the dealplayerscompscontact
Property Image
FINANCED

Lloyd Properties & Kadima Properties Secure $11.4M Acquisition Loan From Derby Copeland In Boerum Hill

538 Pacific Street, 555 Pacific Street, 540 Pacific Street, 542 Pacific Street, 557 Pacific Street & 255 Dean Street

See Similar Deals
MultiFamily132,000 SF
Financed 12/19/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$86
Total Square Footage:132,000 SF
Transaction Type:Loan

The transaction involves multiple properties located at 538 Pacific Street, 555 Pacific Street, 540 Pacific Street, 542 Pacific Street, 557 Pacific Street, and 255 Dean Street in Boerum Hill. The total square footage of the asset is 22,000. An acquisition loan of $11,400,000 has been secured for this multifamily property.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $11,400,000
  • Lender: Derby Copeland
  • Landlord: Lloyd Properties & Kadima Properties
  • Broker Representatives: Max Ralby & Daniel Fromm - Newmark

The deal marks a significant engagement between the involved parties, showcasing the collaboration of Lloyd Properties and Kadima Properties as landlords in this multifamily acquisition. The representation by brokers Max Ralby and Daniel Fromm from Newmark highlights the expertise brought into the transaction process.

Players

Daniel Fromm
82 deals$5.3B volume
BROKER

Max Ralby
Newmark
74 deals$3.8B volume
BROKER

Derby Copeland Capital
LENDER

Details

FINANCED
IMAGE: Max Ralby, David Lloyd & Ian Miller DATE: 12/19/2024 ADDRESS: 538 Pacific Street, 555 Pacific Street, 540 Pacific Street, 542 Pacific Street, 557 Pacific Street & 255 Dean Street MARKET: Boerum Hill ASSET TYPE: MultiFamily ~ SF: 22,000 LENDER: Derby Copeland LANDLORD: Lloyd Properties (@LloydProperties) & Kadima Properties BROKERS: Max Ralby (@MaxRalby) & Daniel Fromm (@Ddwb) - Newmark (@Newmark) LOAN AMOUNT: $11,400,000 LOAN TYPE: Acquisition

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

$11,400,000.00

Monthly NOI$76,000.00
Monthly Debt Service$72,055.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00