Natixis Lends $115 Million for New Allergan U.S. Headquarters
Natixis provided $115 million of 10-year, fixed-rate CMBS financing to Lincoln Equities Group on the new Allergan U.S. headquarters located at 5 Giralda Farms in Madison, NJ. Natixis anticipates securitizing a senior mortgage loan and syndicating the remaining subordinated debt. Proceeds were used to refinance existing debt and to fund reserves to finance tenant improvements, leasing commissions, capital improvements, and the construction of a new parking facility. The financing was arranged by David Rosenberg, Mark Silbersher, and Rafi Frankel at Deerwood Capital.
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