facebook
Traded Co logo
Submit a Deal

Derby Copeland Capital Provides $3.675M Acquisition Loan For 408 West 46th Street Multifamily

408 West 46th Street
PointingArrow
Share

This MultiFamily property located in NY received a loan of $3,675,000 over 2 years ago.

The property in question is located at 408 West 46th Street in the Hell's Kitchen area. It is a multifamily asset with a total square footage of 6,190. The property consists of 5 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,675,000
  • Address: 408 West 46th Street
  • Market: Hell's Kitchen
  • Square Footage: 6,190
  • Number of Units: 5

The lender for this transaction is Derby Copeland Capital, represented by Daniel Kaufman. They provided an acquisition loan amounting to $3,675,000. The borrowers, Alex Rabin & David Gomez, represented by Peak Capital Advisors, plan to utilize the remaining loan balance for construction purposes.

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 and preferred equity opportunities, please contact [email protected].

View Related

Deals
  • Location
    408 West 46th Street408 West 46th Street
  • Loan Value
    $3,675,000$3,675,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Lender1 Lender

Derby Copeland Capital

Derby Copeland Capital

Lender
Deals19
Volume$ 33.1B

Social

Deal Summary

LOAN DATE: 10/01/2021 ADDRESS: 408 West 46th Street MARKET: Hell's Kitchen ASSET TYPE: Multifamily ~ SF: 6,190 ~ UNITS: 5 LENDER: Derby Copeland Capital - Daniel Kaufman LANDLORD: Alex Rabin & David Gomez - Peak Capital Advisors LOAN AMOUNT: $3,675,000 LOAN TYPE: Acquisition Loan NOTE FROM LENDER: Derby Copeland advanced 75% of the purchase price at closing and the remaining loan balance will be used to fund the borrower’s construction. Derby Copeland Capital is a New York City based private equity firm that specializes in opportunistic real estate related debt financing and equity investments. Please send any loan and preferred equity opportunities to [email protected]

Comparables


We could not find what you were looking for, try a different filter
  • Social

  • Comparables

  • Share


  • Login to Suggest Edits