Natixis announced today that it has provided a $60 million floating-rate loan to a subsidiary of Trinity Place Holdings Inc. for the refinancing of a Class-A multifamily property located at 237 11th Street in the Park Slope/Gowanus neighborhood of Brooklyn, New York. The 12-story property features 105 units along with a Starbucks and an oral surgeon’s office on the ground floor. The financing was arranged by Meridian Capital in New York.
Trinity Place Holdings Inc. is a NYSE American (NYSE: TPHS) listed real estate company with a primary focus on New York City. The company currently has approximately 700,000 gross square feet in active management or under construction.