Natixis provides a $60 million financing for a Class-A multifamily property located in Brooklyn
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.
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About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 36 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
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