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New York & Tri-State  + Outer  + Finance  | 

Natixis Arranges $380M Refi on Douglaston’s Level BK

Natixis served as lead arranger and administrative agent on a $380-million fixed-rate loan to refinance Level BK, a newly-built 554-unit multifamily tower on the Williamsburg waterfront. It’s the final phase of Douglaston Development’s six-building project in North Williamsburg, which encompasses more than 2,100 apartments, retail facilities, a waterfront esplanade and public park.

Previous financing on Level BK, from Capital One, provided about $277 million in construction debt on the project. The 40-story tower at 2 North 6th Pl. in Brooklyn was designed by the Stephen B. Jacobs Group.

Douglaston’s partner on Level BK is MacFarlane Partners. The new tower is immediately north of 1 North 4th Pl., a rental high-rise that was developed by Douglaston in partnership with MacFarlane; and just west of The Edge, a mixed-use property also built by Douglaston.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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