ZD Jasper lands $90M inventory loan for Hell’s Kitchen condo

Jasper Wu landed a $90.8 million condo inventory loan for his two-tower VITA development in Hell’s Kitchen. Wu’s ZD Jasper secured the financing for the project at 499 and 501 Ninth Avenue from Derby Copeland Capital, the brokers on the deal told The Real Deal. Derby Copeland is a debt fund founded in 2015 by former Cushman & Wakefield broker Jesse Hutcher. The new debt helps to pay off a $117.5 million construction loan that Maxim Capital Group provided for the project in 2023. VITA’s pair of 11- and 12-story buildings spans 106,500 square feet of residential space across 121 […]

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