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84 State Street
FINANCED

Derby Copeland Capital Provides $5M Acquisition & Renovation Loan For Multifamily Building In Brooklyn Heights

84 State Street

MultiFamily
6,360 SF
clock iconFinanced 1 year ago
Matthew (Matt) Albano
Brad Fishbein
Toby Waring
+ 5
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Summary

Loan
NEW YORK
MultiFamily
6,360 sqft

Derby Copeland Capital closed a first-priority mortgage loan for the acquisition and renovation of a multifamily building located at 84 State Street in Brooklyn Heights. The loan amount of $5,000,000 will cover the borrower's full gut renovation of the 6,250 square foot property.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Address: 84 State St.
  • Market: Brooklyn Heights
  • Lender: Derby Copeland Capital
  • Brokers: Matt Albano & Brad Fishbein - GCP Capital

Derby Copeland Capital, a New York City-based private equity firm specializing in real estate-related debt financing and equity investments, financed the acquisition loan and will also provide financing for the renovation. The firm encourages loan, preferred equity, and equity opportunities to be sent to [email protected].

Players

  • All

    11

  • Agents

    7

  • Agencies

    3

  • Lenders

    1

Matthew (Matt) Albano's profile picture
Matthew (Matt) Albano
Gcp Capital Group-image
Managing Director
$32M Sold
Brad Fishbein's profile picture
Brad Fishbein
Gcp Capital Group-image
Commercial Loan Processor
$32M Sold
Toby Waring's profile picture
Toby Waring
Investment Property Realty Group (IPRG)-image
Senior Associate
$200.2M Sold
Luke Sproviero's profile picture
Luke Sproviero
Investment Property Realty Group (IPRG)-image
Partner, Managing Director
$548.5M Sold
Daniel Shawah's profile picture
Daniel Shawah
Baldwin Pearson & Co-image
Real Estate Agent
$91.8M Sold
Adam Lobel's profile picture
Adam Lobel
Investment Property Realty Group (IPRG)-image
Partner & Managing Director
$376.7M Sold
Derek Bestreich's profile picture
Derek Bestreich
Investment Property Realty Group (IPRG)-image
President
$722.1M Sold
Investment Property Realty Group (IPRG)'s profile picture
Investment Property Realty Group (IPRG)
Investment Property Realty Group (IPRG)
Baldwin Pearson & Co's profile picture
Baldwin Pearson & Co
Baldwin Pearson & Co
Gcp Capital Group's profile picture
Gcp Capital Group
Gcp Capital Group
Derby Copeland Capital's profile picture
Derby Copeland Capital
Derby Copeland Capital

Details

Deal Summary
minus icon
FINANCED
IMAGE: Brad Fishbein & Matt Albano DATE: 06/28/2022 ADDRESS: 84 State St. MARKET: Brooklyn Heights ASSET TYPE: Multifamily ~ SF: 6,250 LENDER: Derby Copeland Capital BROKERS: Matt Albano & Brad Fishbein (@BFishbeinRE) - GCP Capital LOAN AMOUNT: $5,000,000 LOAN TYPE: Acquisition & Renovation NOTE FROM LENDER: Derby Copeland Capital closed the first-priority mortgage loan secured by the multifamily building located at 84 State Street. At closing, Derby Copeland financed an acquisition loan & will finance renovation proceeds over the course of the borrower's full gut renovation of the building. Derby Copeland Capital is a New York City based private equity firm that specializes in opportunistic real estate related debt financing & equity investments. Please send any loan, preferred equity & equity opportunities to [email protected].

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Address84 State Street

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