Natixis Corporate & Investment Banking grants $97 million in financing to refinance a multi-family building in New York

NEW YORK, July 11, 2022 /PRNewswire/ — Natixis Corporate & Investment Banking has created a $97 millionfive-year variable rate financing to a borrower affiliated with directors of Maddd Equities, Joy Construction and the Katz family to refinance The Lewis, a 186-unit Class A multifamily property located at 411 West 35th Street in New York City Hudson Yards neighborhood.

Built in 2018, the property features a range of amenities including a 24/7 doorman and concierge service, state-of-the-art fitness studio, tenant lounge and gated parking. . The property offers a variety of outdoor spaces, including a landscaped ground floor patio and a rooftop sun deck with lounge chairs, a dining area with grills, and views of Hudson Yards.

“We are very pleased to have concluded another transaction with Natixis CIB. This execution demonstrates that the New York City the multifamily market is in very good health and competitive financing is still available for top-notch assets and strong sponsors,” said Eli S. WeissDirector of Joy Construction.

“This transaction illustrates Natixis CIB’s continued focus on grassroots multi-family opportunities with blue-chip sponsors. This financing marks Natixis CIB’s seventh transaction with the leaders of Maddd Equities and Joy Construction, two companies with proven track records in the New York City market,” said Jared ZimelExecutive Director Real Estate & Hospitality Americas, Natixis CIB.

Funding was arranged by Brad Domenico of Progress Capital.

About Natixis Corporate and Investment Banking
Natixis Corporate & Investment Banking is a leading global financial institution providing advisory, investment banking, financing, corporate banking and capital markets services to corporates, financial institutions, financial sponsors and sovereign organizations and supranationals around the world.

Our teams of experts in 30 countries advise our clients on their strategic development, help them grow and transform their businesses, and maximize their positive impact. We are committed to supporting the environmental transition by aligning our financing balance sheet on a trajectory of +1.5°C by 2050.

Within the Global Financial Services division of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne networks, Natixis CIB benefits from the Group’s financial solidity and solid financial ratings (Standard & Poor’s: A, Moody’s: A1, Fitch: A+, R&I: A+).

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SOURCE Natixis

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