Natixis Provides $380 Million of Financing On Williamsburg’s Level BK
Natixis served as lead arranger and administrative agent on a $380 million fixed-rate loan to refinance ‘Level BK’, a 40story, newly built, Class A, multifamily property with top tier finishes and amenities located on the Williamsburg waterfront at 2 North 6th Place in Brooklyn, NY.
The building was designed by the Stephen B. Jacobs Group. It is the largest tower and final phase of Douglaston Development’s six-building project encompassing more than 2,100 apartments, retail facilities, a waterfront esplanade and public park.
The property is prominently located along East River, immediately adjacent to East River State Park, and enjoys unobstructed views of Manhattan. It sits only five blocks from the Whole Foods and Apple stores, which have brought tremendous foot traffic to the area and have further cemented Williamsburg as a prime residential and retail location in Brooklyn.