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New York & Tri-State  + Outer  + Finance  |  October 16, 2023
Emily Fu
By: Emily Fu

DCC Refis SoHo, Williamsburg Properties for $13M 

Derby Copeland Capital (DCC), a New York City-based real estate investment platform, recently closed two loans totaling $12.5 million to refinance properties in SoHo and Williamsburg.  

The $8.75 million loan refinances a multifamily building at 78 Grand Street, a multifamily property located in SoHo. The historic cast-iron building, spanning 11,975 gross square feet, features four free-market apartments on its upper floors, while its ground floor hosts Society Limonta, a retail space. The loan also encompasses approximately $200,000 to support the borrower’s renovation initiatives for specific sections of the building. 

The $3.75 million loan refinances a building at 65 Kent in Williamsburg, Brooklyn. The 100 percent occupied building consists of 5,900 gross square feet and has two free-market residential units and a ground-floor retail space, currently occupied by the trendy eatery and bar Kokomo. 

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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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