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168-170 Wythe Avenue
FINANCED

Derby Copeland Capital Provides $10.4M Acquisition Loan For Mixed-Use Property In Williamsburg

168-170 Wythe Avenue

Retail
23,500 SF
clock iconFinanced 44 days ago
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Summary

Loan
NEW YORK
Retail
23,500 sqft

The mixed-use property located at 168-170 Wythe Avenue in Williamsburg, Brooklyn, spans 11,750 square feet. The acquisition of this property was financed by a $10,400,000 first-priority mortgage loan secured by Derby Copeland Capital.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $10,400,000
  • Address: 168-170 Wythe Avenue
  • Market: Williamsburg, Brooklyn
  • Lender: Derby Copeland Capital
  • Landlord: Ryco Capital
  • Loan Type: Acquisition

Derby Copeland Capital, a New York City-based private equity firm specializing in real estate-related debt financing and equity investments, provided the acquisition loan for the renovation of the multifamily building. The loan will support the borrower's renovation efforts, with Derby Copeland Management Group, LLC serving as the registered investment adviser. As with any investment, there are associated risks and the possibility of loss of principal capital.

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Derby Copeland Capital's profile picture
Derby Copeland Capital
Derby Copeland Capital

Details

Deal Summary
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FINANCED
IMAGE: 03/06/2024 ADDRESS: 168-170 Wythe Avenue MARKET: Williamsburg, Brooklyn ASSET TYPE: Mixed-use ~ SF: 11,750 LENDER: Derby Copeland Capital LANDLORD: Ryco Capital LOAN AMOUNT: $10,400,000 LOAN TYPE: Acquisition NOTE FROM LENDER: Derby Copeland Capital closed the first-priority mortgage loan secured by the multifamily building located at 168-170 Wythe Avenue. At closing, Derby Copeland financed an acquisition loan & will finance renovation proceeds throughout the borrower's 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. Derby Copeland Management Group, LLC is a registered investment adviser. 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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