Natixis CIB Leads $233.3 Million Refinancing for Midtown West Luxury Multifamily Property
Natixis Corporate & Investment Banking has led a $233.3 million floating-rate financing deal to refinance The Ritz Plaza, a 45-story luxury residential building in New York City's Midtown West neighborhood. The refinancing was executed for a joint venture between Stonehenge Investment and an undisclosed global investment firm. The property, located at 235 West 48th Street, features 479 residential units and ground-floor commercial space. Following extensive renovations since 2019, the asset offers high-end amenities and condo-quality residences. The transaction highlights Stonehenge Investment's ongoing commitment to New York City residential real estate through active asset management.
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Topics: investment banking multifamily residential real estate financing refinancing