Natixis Securitizes $359.5 Million of CMBS Loans
Natixis securitized $359.5 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 $1.377 billion transaction (COMM 2014-CCRE14).
Natixis contributed 24 loans with a cumulative balance of $359.5 million. The commercial mortgages originated by Natixis included five- and ten-year fixed-rate loans, primarily secured by retail, office, multifamily, hospitality and self-storage properties located across the United States.
Below is a list of Natixis loans in the top 20 of the transaction:
Highland Hills, Multifamily/Student Housing, $54.8 million, Mankato, MN
Dallas FBI, Office, $41.6 million; Dallas, TX
Miraval Resort & Spa, Hospitality, $36.1 million; Tucson, AZ
Carlisle Commons, Retail, $28.0 million; Carlisle, PA
McKinley Mall, Retail, $28.0 million; Buffalo, NY
Alta Vista Ridge, Multifamily, $22.3 million; Lewisville, TX
Natixis has securitized over $13.7 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 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 22,000 employees worldwide.