Natixis Securitizes $59.3 Million of CMBS Loans
Natixis securitized $59.3 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 $824.8 million transaction (COMM 2014-CCRE21).
Natixis contributed 6 loans with a cumulative balance of $59.3 million to the COMM 2014CCRE21 securitization of 59 loans amounting to $824.8 million. The commercial mortgages originated by Natixis included ten-year fixed-rate loans, primarily secured by multifamily and retail properties located across the United States.
Below is a list of Natixis loans in the top 20 of the transaction:
Mercado Portfolio, Retail, $18.5 million, Various, PR
Natixis has securitized over $15.0 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 securitized over $1.3 billion in conduit CMBS transactions year-to-date in 2014.
Natixis is the corporate, investment and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 36 million clients spread over two retail banking networks, Banque Populaire and Caisse d’Epargne.
With more than 16,000 employees, Natixis has a number of areas of expertise that are organized into three main business lines: Wholesale Banking, Investment Solutions & Insurance, and Specialized Financial Services.
A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-sized businesses of Groupe BPCE’s banking networks.
Listed on the Paris stock exchange, it has a solid financial base with a CET1 capital under Basel 3(1) of €13.3 billion, a Basel 3 CET1 Ratio(1) of 11.5% and quality long-term ratings (Standard & Poor’s: A / Moody’s: A2 / Fitch Ratings: A).
(1) Based on CRR-CRD4 rules published on June 26, 2013, including the Danish compromise - no phase-in except for DTAs on loss carryforwards Figures as at September 30, 2014