Derby Copeland Capital Refinances Soho & Williamsburg Properties For $12.5M Loan

An $8.75 million loan has been closed by Derby Copeland Capital (DCC) to refinance a multifamily building located at 78 Grand Street in SoHo. The loan includes support for renovation projects, ensuring the property can continue to meet the evolving needs of its residents.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $8.75 million
• Address: 78 Grand Street, SoHo
• Market: Soho
• Landlord: Jonathan Scibilia - Derby Copeland Capital

In addition, DCC has also provided a separate loan of $3.75 million to refinance a fully occupied building at 65 Kent Avenue in Williamsburg, Brooklyn. This property features a mix of residential and retail spaces, making it a versatile investment opportunity within the thriving Williamsburg market.

Summary of transaction details

• Property Type: MultiFamily & Retail
• Transaction Amount: $3.75 million
• Address: 65 Kent Avenue, Williamsburg
• Market: Williamsburg
• Landlord: Jonathan Scibilia - Derby Copeland Capital

Jonathan Scibilia, representing Derby Copeland Capital, played a key role in securing these loans to refinance the properties in SoHo and Williamsburg. This strategic move allows for continued growth and maintenance of these valuable real estate assets.