Natixis Provides $233.3 Million Refinance Loan For The Ritz Plaza In Midtown Manhattan

A joint venture between a global investment firm and Stonehenge Investment has secured a refinancing loan for The Ritz Plaza, a 45-story luxury rental building located at 235 West 48th Street in Midtown Manhattan. The property has a loan amount of $233.3 million and serves as a multifamily asset in a sought-after market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $233,300,000
• Lender: Natixis
• Landlord: Stonehenge Investment
• Brokers: Lawrence Britvan & Michael Straw - CBRE
• Loan Type: Refinance

Lawrence Britvan and Michael Straw from CBRE represented the joint venture in this refinancing transaction. Natixis CIB led the deal, reflecting a strategic financial arrangement for the property known as The Ritz Plaza.