Natixis Secures $158.2 Million Financing for Long Island City Multifamily Property
Natixis Secures $158.2 Million Financing for Long Island City Multifamily Property
In a significant move for the real estate market, Natixis Corporate & Investment Banking has successfully originated a $158.2 million floating-rate financing for an entity associated with a leading global investment firm. This funding is earmarked for the refinancing of 1 Queens Plaza South Tower, a modern multifamily property located in the vibrant area of Long Island City, Queens, New York.
The property, which was developed in 2017, boasts 391 residential units spread across 45 stories. Residents enjoy stunning panoramic views of the Manhattan skyline and the wider New York City area, thanks to its strategic placement. The building features an impressive range of amenities tailored to enhance urban living, including:
- - A rooftop pool
- - Two expansive rooftop terraces
- - A fully equipped fitness center
- - A dedicated yoga room
- - An engaging game room
- - Multiple social lounges
- - On-site valet service
- - A 24-hour attended lobby
Such top-tier facilities not only provide convenience but also foster a vibrant community atmosphere among residents.
Accessibility is another standout feature of this property. It is well-served by numerous subway lines, including N, R, W, E, F, M, and 7 trains, making commutes to Manhattan and other parts of the city reasonably straightforward. Additionally, it is located just 1.5 miles from the Hunters Point South Ferry stop, further enhancing its appeal among potential tenants.
The property management is entrusted to Stonehenge, a reputed name in real estate management, known for ensuring high standards in resident satisfaction and property upkeep. The financing arrangement was skillfully orchestrated by Lawrence Britvan and Michael Straw from the New York City office of CBRE, a prominent global real estate services firm.
This substantial financing from Natixis not only reflects confidence in the Long Island City rental market but also underscores the bank's dedication to supporting transformative real estate projects. As part of its global strategy, Natixis aims to align its financing solutions with sustainable practices and has committed to achieving carbon neutrality by 2050.
About Natixis Corporate & Investment Banking
Natixis is recognized as a leading global financial institution, specializing in comprehensive advisory, investment banking, financing, corporate banking, and capital markets services. The institution supports a diverse range of clients, including corporations, financial institutions, and sovereign entities, across about 30 countries.
With a strong commitment to helping clients develop strategies that drive growth and sustainability, Natixis ensures that its financial portfolio not only supports economic advancement but also minimizes negative impacts on the environment. As part of the Groupe BPCE, France's second-largest banking group, Natixis benefits from solid financial ratings, enhancing its ability to provide reliable services to clients.
For further inquiries regarding this financing or additional information about Natixis Corporate & Investment Banking, please reach out to Tara Flanagan of Prosek Partners at +1 646 818 9022 or via email at [email protected].
In today's rapidly evolving economic landscape, Natixis remains at the forefront of innovative financing solutions that empower real estate developments and promote sustainable practices in the finance sector.
Topics Financial Services & Investing）
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