Natixis Finances $55 Million Fixed-Rate Loan on Battery Park Office Condominium
Natixis Real Estate Capital LLC provided a $55.0 million 10-year fixed-rate CMBS loan to Nyack College to acquire an office condominium located at 17 Battery Place North, a Class B office building in New York City’s Financial District. The office condominium is comprised of the top six floors, a portion of the ground floor and the basement and serves as Nyack College’s New York City campus. Founded in 1882, Nyack College is a non-profit institution. The financing was arranged by Shawn Rosenthal of CBRE in New York.
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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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