Loketch Group Secures $18.65 Million Refinance Loan From Derby Copeland Capital In Ridgewood

The property asset involved is a multifamily building located at 801 Wyckoff Avenue in Ridgewood, Queens. The loan amount secured for this property is $18,650,000, as part of a refinance transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,650,000
• Lender: Derby Copeland Capital
• Landlord: Loketch Group
• Landlord's Representative: Jack McPhail & Morris Betesh - Arrow Real Estate Advisors
• Loan Type: Refinance

Derby Copeland Capital, a New York City-based private equity firm specializing in opportunistic real estate-related debt financing and equity investments, has successfully closed the refinance loan. The firm is also associated with Derby Copeland Management Group, LLC, which acts as a registered investment adviser.