Derby Copeland Capital (DCC) is a real estate investment platform based in New York City. They specialize in providing financing for opportunistic real estate projects, including both debt and equity investments. Recently, DCC closed a $128.2-million loan to support the acquisition and renovation of nine properties located in Manhattan’s East Village neighborhood.
The loan was granted to Ryco Capital as they acquired a portfolio of multifamily buildings concentrated on Second Avenue in the East Village area. The collateral for this loan consists of nine buildings with 170 residential units and 23 retail units, specifically at addresses 127-157 Second Ave and 26 Saint Marks Pl. A portion of the loan amount, approximately $23,500,000 will be used by the borrower for renovating the residential components within these buildings.
In June and July alone,DCC has been very active within Manhattan’s market as well as Brooklyn’s market.They have originated over $180 million worth of loans secured by properties located in various neighborhoods such as East Village,Upper West Side,Hell’s Kitchen,Park Slope,and Brooklyn Heights.This demonstrates DCC’s strong presence within these areas.
