Natixis Capital provided the debt
Jeff Levine’s Douglaston Development has secured $380 million from Natixis Capital to refinance 2 North 6th Street. The newly built 554-unit rental building is part of the company’s four-building complex on the Williamsburg waterfront.
Financing breakdown: The new loan replaces a $276.7 million construction loan from Capital One, and also includes a $103.3 million gap mortgage. The news was first reported by TRD.
Heard on the Street: Douglaston’s Jeff Levine provides an update on the Williamsburg rental: “Leasing is on time and on budget.”