Natixis Securitizes $127.1 Million of CMBS Loans
Natixis securitized $127.1 million of loans in a conduit commercial mortgage-backed securities (CMBS) transaction. It was both a Sponsor, via Natixis Real Estate Capital LLC, and a Co-Manager, via Natixis Securities Americas LLC, in a $996.3 million transaction (COMM 2014-CCRE18).
Natixis contributed 7 loans with a cumulative balance of $127.1 million to the COMM 2014-CCRE18 securitization of 49 loans amounting to $996.3 million. The commercial mortgages originated by Natixis included five-, seven- and ten-year fixed-rate loans, primarily secured by retail, office and multifamily properties located across the United States.
Below is a list of Natixis loans in the top 20 of the transaction:
Mellon Independence, Office, $65.5 million, Philadelphia, PA
Meridian Corporate Center I & II, Office, $20.35 million, Englewood, CO
22 Exchange, Multifamily, $19.5 million, Akron, OH
Natixis has securitized over $14.7 billion of CMBS loans since it started originating commercial mortgages in 1999. It has increased its CMBS origination volume significantly and is ready to provide competitive, long-term financing to borrowers nationwide. Natixis has securitized approximately over $1.0 billion in conduit CMBS transactions in H1 2014.
Natixis is the corporate, investment and financial services arm of Groupe BPCE, the 2nd largest banking group in France with 21% of total bank deposits and 36 million clients spread over two networks, Banque Populaire and Caisse d'Epargne. It has over 15,000 employees worldwide (excl. financial stakes).
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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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