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.