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

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.