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801 Wyckoff Avenue

Updated Jun 30, 2026

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

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

801 Wyckoff Avenue

$18,650,000

Building Size

—

Asset Type

MultiFamily

Closing

Jun 10, 2026

About this deal

AI

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.

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$18,650,000

MultiFamily

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Players

Morris Betesh

Arrow Real Estate Advisors

Broker

$14.5B

vol

250 deals

Broker
Derby Copeland Capital
Derby Copeland CapitalLender
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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.85%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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