Derby Copeland Capital Provides $5.5M Loan For Acquisition & Renovation Of 60 W 91st Street

The multifamily building located at 60 West 91st Street in the Upper West Side of Manhattan has recently undergone a significant transaction. The property spans approximately 8,190 square feet and is situated in a desirable market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,500,000
• Date: 10/24/2022
• Lender: Derby Copeland Capital
• Brokers: Matt Albano, Mike Hennessey & Paul Greenbaum - GCP Capital
• Loan Type: Acquisition & Renovation Loan

Derby Copeland Capital, a New York City-based private equity firm, closed the first-priority mortgage loan secured by the multifamily building at 60 West 91st Street. The loan, amounting to $5,500,000, was provided to facilitate the acquisition of the property as well as finance the renovation process during the borrower's full gut renovation of the building. The loan was obtained for this specific purpose, highlighting Derby Copeland Capital's expertise in opportunistic real estate-related debt financing and equity investments.

For any loan, preferred equity, or equity opportunities, interested parties can reach out to Derby Copeland Capital at [email protected].