Natixis Securitizes Large Pool Of CMBS Loans

Natixis – the corporate, investment and financial services arm of France's Groupe BPCE – says it has securitized $201.5 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 $1.1 billion transaction (COMM 2014-UBS3).

Natixis contributed 17 loans with a cumulative balance of $201.5 million. The commercial mortgages originated by Natixis included five- and 10-year fixed-rate loans, primarily secured by retail, office, industrial, multifamily and hospitality properties located across the country.

Some of the top 20 loans in the transaction included the following:

á Sixty LES, hospitality, $62.5 million, New York;

á Capstar Plaza, office, $22.8 million, Austin, Texas;

á North Penn Business Park, industrial, $20.8 million, Lansdale, Penn.; and

á Rochester Gas & Electric, industrial, $13.2 million, Rochester, N.Y.

Natixis notes that it has securitized over $14.6 billion of CMBS loans since it started originating commercial mortgages in 1999.


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