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Natixis Provides $91.5 Million Fixed-Rate Financing for 13-Property Healthcare Portfolio
Natixis Real Estate Capital LLC has originated a $91.5 million fixed-rate financing to refinance a 13property healthcare portfolio totaling 352,000 square feet. The properties are located throughout New Jersey, New York and Florida. The five-year facility includes an $81.5 million senior loan and a $10.0 mezzanine loan.
The properties are occupied by a range of healthcare-related tenants, including ambulatory surgery centers, radiation oncology facilities, infusion centers and general medical offices. All properties are located on the campus of, or in close proximity to, a major hospital.
The financing was arranged by Greg Nalbandian from the office of NorthMarq Capital in Morristown, New Jersey.
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About Natixis
Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE’s networks. Listed on the Paris stock exchange, Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €11.1 billion, a Basel 3 CET1 Ratio(1) of 11.5% and quality long-term ratings (Standard & Poor’s: A+ / Moody’s: A1 / Fitch Ratings: A+).
(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in. See note on methodology in the 2Q19 earnings material.
Figures as at 30 June 2019