Derby Copeland Capital (DCC) has recently closed two loans totaling $21 million for properties located in the East Village and Rose Hill neighborhoods. The first loan, valued at $17 million, was used to acquire 135-139 Avenue A in the East Village. This multifamily building features 31 free-market apartments above ground-floor retail space. In addition to acquisition costs, approximately $4 million of the loan will be allocated towards renovating residential components.
The second loan, worth $3.8 million, was secured for the purchase of 225 East 25th Street in Rose Hill. This fully occupied building boasts twenty residential units and is a prime investment opportunity according to Jesse Hutcher, Founding Principal and Chief Investment Officer of Derby Copeland Capital.
“Our firm remains committed to identifying lucrative investment opportunities within New York City’s middle-market real estate sector,” stated Hutcher when discussing DCC’s recent transactions.”We are confident that our investments will continue to thrive as we navigate this dynamic market.”
“We pride ourselves on being a reliable capital partner to property owners during this complex time for regional banks. Our belief in New York City’s real estate remains steadfast as we continue to navigate and capitalize on the dynamic opportunities within this thriving market,” said Jesse Hutcher, Founding Principal and Chief Investment Officer of Derby Copeland Capital.”
This latest news from DCC highlights their continued success within New York City’s competitive real estate landscape.
[1] Derby Copeland Management Group, LLC (d/b/a Derby Copeland Capital) is a registered investment adviser. Information presented is for marketing 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. Investments involve risk and, unless otherwise stated, are not guaranteed. All persons should first consult with a qualified financial adviser and/or tax professional before implementing any strategy. Past performance is not indicative of future performance.
