Natixis provides $158.2M refinancing for Long Island City multifamily property

Whats Happening:

Natixis Corporate & Investment Banking has provided a $158.2 million floating-rate refinancing loan for 1 Queens Plaza South Tower, a 391-unit Class A multifamily property in Long Island City, Queens, New York. The property, built in 2017, offers residents panoramic skyline views and a range of amenities including a rooftop pool, fitness center, and 24-hour attended lobby.

Key Moves:

• Natixis provides $158.2 million refinancing loan for Long Island City multifamily property

• Loan is for 1 Queens Plaza South Tower, a 391-unit Class A property built in 2017

• Financing arranged by Lawrence Britvan and Michael Straw from CBRE's New York City office

By The Numbers:

• $158.2 million: Amount of the floating-rate refinancing loan

• 391 units: Number of apartments in the refinanced property

• 45 stories: Height of 1 Queens Plaza South Tower

Bottom Line:

This refinancing deal demonstrates Natixis Corporate & Investment Banking's continued activity in the multifamily real estate sector, particularly in prime urban locations. The transaction highlights the ongoing demand for financing in high-quality residential properties in major metropolitan areas, even as market conditions evolve.

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