Post by Derby Copeland Capital

Derby Copeland Capital is pleased to announce the closing of a $21,500,000 multifamily recapitalization loan secured by 212–216 Eighth Avenue in the Chelsea neighborhood of Manhattan. The financing provides the Sponsor with flexible recapitalization capital for a well-located multifamily asset. The Property benefits from strong surrounding neighborhood fundamentals as Chelsea continues to exhibit strong multifamily performance driven by limited housing supply, high barriers to entry, and sustained demand from residents seeking proximity to Hudson Yards, the Flatiron District, Midtown South, and Manhattan’s expanding TAMI employment base. The Property is also located near the High Line, Madison Square Park, Penn Station, and multiple subway lines servicing Manhattan’s West Side. DCC remains highly active in the New York City middle market lending market and continues to provide creative financing solutions across bridge, acquisition, recapitalization, renovation, and both transitional and stabilized business plans. #DerbyCopelandCapital #Chelsea #Manhattan #NYCRealEstate #Multifamily #Recapitalization #BridgeLending #CommercialRealEstate #NewYorkRealEstate #MiddleMarketLending #RealEstateFinance