Douglaston Development refinanced its Williamsburg rental tower 2 North 6th Street with a $380 million loan from Natixis Capital, property records show.
The new financing package includes a $103.3 million gap mortgage and replaces a $276.7 million construction loan from Capital One, according to documents from the city’s Department of Finance.
The 40-story, 554-unit tower topped out in late 2016, and TCOs were issued in the third quarter of 2017. It is part of Douglaston’s four-building, 2,000-plus unit complex on the Williamsburg waterfront.
Natixis could not immediately be reached for comment. In a statement, Douglaston’s chair Jeff Levine said leasing is “on time and on budget” and that the loan deal went “smoothly.”
Meanwhile, Douglaston, headed by Jeff Levine, plans to develop a 1.1 million-square-foot mixed-use project near Hudson Yards in Manhattan.