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Douglaston Development secures $380M refinancing for NYC rental tower

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Douglaston Development secures $380M refinancing for NYC rental tower

Real estate developer Douglaston Development received $380 million in refinancing from Natixis Capital for its rental tower at 2 N. 6th St. in New York City, The Real Deal reported, citing documents from the city's Department of Finance.

The 40-story, 554-unit tower is part of Douglaston's four-building, 2,000-plus-unit complex on the Williamsburg waterfront, the publication noted.

The Real Deal could not obtain a comment from Natixis regarding the matter, while Douglaston's Chairman Jeffrey Levine said the loan deal went "smoothly."