August 10, 2018
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.
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