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New York & Tri-State  + Downtown New York  + Finance  |  January 12, 2024
Emily Fu
By: Emily Fu

DCC Provides $21M for Downtown Properties 

Derby Copeland Capital (DCC) has closed two loans totaling $21 million for properties in East Village and Rose Hill.  

A $17 million loan was provided for the acquisition of 135-139 Avenue A in the East Village, a multifamily building with 31 free-market apartments above ground-floor retail. The loan includes approximately $4 million for the renovation of residential components. DCC also closed a $3.8 million loan for the acquisition of 225 East 25th Street in Rose Hill , a 100 percent occupied building with twenty residential units.  

“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 CIO of Derby Copeland Capital.”

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Inside The Story

Jesse Hutcher

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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