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Derby Copeland Capital Closes $8.15M Refinance Loan For Multifamily Properties In TriBeCa

Property Image
FINANCED
$8,150,000
Jake Lapidot
Andrew Cohen
Max Herzog
+ 1

New York

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MultiFamily
Financed 02/27/2026
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Property Image
FINANCED

Derby Copeland Capital Closes $8.15M Refinance Loan For Multifamily Properties In TriBeCa

71 Leonard Street & 47 Ann Street

See Similar Deals
MultiFamily
Financed 02/27/2026
Jake Lapidot
Andrew Cohen
Max Herzog
+ 1
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The properties involved in this transaction are located at 71 Leonard Street and 47 Ann Street in TriBeCa, an area known for its multifamily assets. The loan closed is for a refinance amount of $8,150,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,150,000
  • Lender: Derby Copeland Capital
  • Market: TriBeCa
  • Loan Type: Refinance

The transaction was facilitated by the brokers Max Herzog, Marko Kazanjian, and Andrew Cohen from Institutional Property Advisors, alongside Jake Lapidot from the same agency. Derby Copeland Capital, the lender, is a New York City-based private equity firm that specializes in opportunistic real estate-related debt financing and equity investments. Additionally, Derby Copeland Management Group, LLC is noted as a registered investment adviser.

Players

Marko Kazanjian
Institutional Property Advisors
Marko Kazanjian
71 deals$5.4B volume
BROKER
Max Herzog
Institutional Property Advisors
Max Herzog
80 deals$5.4B volume(212) 430-5165
BROKER
Andrew Cohen
Institutional Property Advisors
Andrew Cohen
43 deals$3B volume
BROKER
Jake Lapidot
Institutional Property Advisors
Jake Lapidot
19 deals$298.5M volume
BROKER
Derby Copeland Capital
Derby Copeland Capital
LENDER

Details

FINANCED
IMAGE: Max Herzog, Marko Kazanjian, Andrew Cohen, Jake Lapidot DATE: 2/27/2026 ADDRESS: 71 Leonard Street & 47 Ann Street MARKET: TriBeCa ASSET TYPE: Multifamily LENDER: Derby Copeland Capital BROKERS: Max Herzog, Marko Kazanjian (@MarkoKaz) & Andrew Cohen (@itsandrewcohen) - Institutional Property Advisors; Jake Lapidot (@JakeLapidot18) - Institutional Property Advisors LOAN AMOUNT: $8,150,000 LOAN TYPE: Refinance NOTE FROM LENDER: Derby Copeland Capital has closed a recapitalization loan for the properties located at 47 Ann Street and 71 Leonard Street in TriBeCa. 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, which such registration does not provide any expertise or skill. 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

$8,150,000.00

Monthly NOI$54,333.33
Monthly Debt Service$51,513.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00