Natixis Securitizes $83.2 Million of CMBS Loans
Natixis securitized $83.2 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 an affiliate, Natixis Securities Americas LLC, in a $1.2 billion transaction (COMM 2014-CCRE19).
Natixis contributed 7 loans with a cumulative balance of $83.2 million to the COMM 2014- CCRE19 securitization of 69 loans amounting to $1.2 billion. The commercial mortgages originated by Natixis were ten-year fixed-rate loans, primarily secured by hospitality, office, self-storage, mixed use and multifamily properties located across the United States.
Below is a list of Natixis loans that are in the top 20 of the loans included in the transaction, based on principal amount outstanding:
- 1503 North Cedar, $26.0 million, Allentown, PA
- CHS Professional, $24.3 million, Bethlehem, PA
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 over last year and provides competitive, long-term financing to borrowers nationwide. Natixis securitized 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.
With more than 15,000 employees (excl. financial stakes), Natixis has a number of areas of expertise which are organized in 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-size businesses of Groupe BPCE’s two retail banking networks.
Listed on the Paris stock exchange, it has a solid financial base with a CET1 capital under Basel 3 (1) of €13.2 billion, a Basel 3 CET1 Ratio(1) of 11.2% 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 carry-forwards
Contacts
Related links
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).
The press area was created by BPCE in order to make it easier for professionals to access Groupe BPCE press releases, images, videos, computer graphics, etc. (hereafter referred to collectively as the “Content”). This Content can be used to illustrate all publications, reports, articles or, more generally, any document or medium designed to inform the public of Groupe BPCE’s activity. You are not allowed to use the Content for commercial or publicity purposes. You are not allowed to modify the Content (except for changes of format). The Content is regularly updated by BPCE, therefore you should frequently access the press area in order to ensure you use the latest version of the Content. Your attention is also drawn to the fact that the Content contains elements considered to be intellectual works protected by copyright law and notably by France’s intellectual property code. Consequently, the photo credit (shown at the bottom right of the photo) and the mention [source BPCE] must be displayed in all publications (printed or electronic). Any user who fails to respect these conditions shall be liable vis-à-vis BPCE, the author of the Content or his/her beneficiaries and, where applicable, the persons whose image is reproduced in the Content. By downloading and, more generally, using all or part of the Content you agree to these terms.