Derby Copeland Provides $8.7M Loan for Refinancing of Manhattan Apartment Building

by Taylor Williams

NEW YORK CITY — Derby Copeland Capital, a locally based lending and investment firm, has provided an $8.7 million loan for the refinancing of a four-unit apartment building in Manhattan’s SoHo area. According to StreetEasy, the five-story building at 78 Grand St., which includes a ground-floor retail space that is occupied by Society Limonata, was originally constructed in 1900. The undisclosed borrower will use about $200,000 of the proceeds to fund capital improvements.

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