Derby Copeland Capital Closes Acquisition & Renovation Loan For Multifamily Property In Park Slope, Brooklyn

Derby Copeland Capital has closed the first-priority mortgage loan for the multifamily building located at 851 Carroll Street in Park Slope, Brooklyn. The property is a multifamily asset with a total square footage of 5,769. The loan, provided by Derby Copeland, is an acquisition and renovation loan amounting to $3,750,000. The borrower plans to fully gut renovate the building with the proceeds from the loan.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $3,750,000
• Address: 851 Carroll Street, Park Slope, Brooklyn
• Square Footage: 5,769
• Lender: Derby Copeland Capital
• Brokers: Matt Albano & Brad Fishbein - GCP Capital

Derby Copeland Capital is a New York City-based private equity firm specializing in opportunistic real estate-related debt financing and equity investments. For any loan, preferred equity, and equity opportunities, please contact [email protected].