Natixis, the corporate, investment and financial services arm of Groupe BPCE, reports that it recently securitized $127.1 million of loans in a conduit commercial mortgage-backed securities (CMBS) transaction.
The firm served as both a sponsor, via Natixis Real Estate Capital, and a co-manager, via Natixis Securities Americas, in a $996.3 million transaction.
Specifically, Natixis contributed seven loans with a cumulative balance of $127.1 million to the securitization of 49 loans amounting to $996.3 million. The five-, seven- and 10-year fixed-rate loans were primarily secured by retail, office and multifamily properties.
About $65.5 million will be used for the acquisition of Mellon Independence, an office development in Philadelphia; $20.35 million for the acquisition of Meridian Corporate Center I & II, an office complex in Englewood, Colo.; and $19.5 million for the acquisition of 22 Exchange, a multifamily housing development in Akron, Ohio.
Natixis reports that it has securitized more than $14.7 billion of CMBS loans since it started originating commercial mortgages in 1999 – including more than $1 billion in conduit CMBS transactions in the first half of this year.