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Derby Copeland Capital Closes $22 Million Refinance Loan For Office Asset At 109 West 27th Street

Property Image
FINANCED
$22,000,000

New York

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Office
Financed 08/22/2025
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Property Image
FINANCED

Derby Copeland Capital Closes $22 Million Refinance Loan For Office Asset At 109 West 27th Street

109 West 27th Street

See Similar Deals
Office
Financed 08/22/2025

Summary

NEW YORK
Asset Type:Office
Transaction Type:Loan

The property asset involved in this transaction is located at 109 West 27th Street in the NoMad market. It is classified as an office asset and involved a refinancing loan amounting to $22,000,000. The lender for this transaction was Derby Copeland Capital, which is known for specializing in real estate-related debt financing.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $22,000,000
  • Lender: Derby Copeland Capital
  • Landlord: Icon Realty Management
  • Loan Type: Refinance

This transaction highlights the key roles played by Derby Copeland Capital, a New York City-based private equity firm, and Icon Realty Management, which is the landlord involved in the refinancing deal. Derby Copeland Management Group, LLC acts as a registered investment adviser, although this registration does not imply any expertise or skill regarding the transactions they engage in.

Details

FINANCED
IMAGE: 8/22/2025 ADDRESS: 109 West 27th Street MARKET: NoMad ASSET TYPE: Office LENDER: Derby Copeland Capital LANDLORD: Icon Realty Management LOAN AMOUNT: $22,000,000 LOAN TYPE: Refinance NOTE FROM LENDER: Derby Copeland Capital closed a refinancing loan for $22,000,000 at 109 West 27th Street in Nomad. Derby Copeland Capital is a New York City-based private equity firm that specializes in opportunistic real estate-related debt financing & equity investments. Derby Copeland Management Group, LLC is a registered investment adviser, which such registration does not provide any expertise or skill. Information presented is for information purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$22,000,000.00

Monthly NOI$146,666.67
Monthly Debt Service$139,054.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00