Natixis Finances $55 Million Fixed-Rate Loan on Battery Park Office Condominium
Natixis Real Estate Capital LLC provided a $55.0 million 10-year fixed-rate CMBS loan to Nyack College to acquire an office condominium located at 17 Battery Place North, a Class B office building in New York City’s Financial District. The office condominium is comprised of the top six floors, a portion of the ground floor and the basement and serves as Nyack College’s New York City campus. Founded in 1882, Nyack College is a non-profit institution. The financing was arranged by Shawn Rosenthal of CBRE in New York.