Natixis provides $82m on FiDi office acquisition

Natixis Real Estate Capital has provided a $81.5 million loan to Northwind Group and Newmark Holdings for the acquisition of a 20-story office building at 40-42 Exchange Place in Lower Manhattan.

Natixis Real Estate Capital has provided a $81.5 million loan to Northwind Group and Newmark Holdings for the acquisition of a 20-story office building at 40-42 Exchange Place in Manhattan’s Financial District.

The loan-to-value is just under 71 percent based on the $115 million that the joint venture reportedly paid for the property in July. Natixis declined to comment further on the terms of the financing for this article.

web_40-42_ExchangeIn September, the firm provided one of its largest recent New York City loans with a $315 million fixed-rate loan to Savanna for the refinancing of One Court Square, aka the Citigroup Building.

Savanna and a private investor group acquired a controlling interest in the 52-story, 1.5 million sq ft office building — the tallest in New York State outside of Manhattan — from a private investment group led by David Werner in the summer of 2014 for an undisclosed sum.

In October, the lender provided a $36.65 million, 10-year, fixed-rate CMBS loan to a venture led by Thomas Maoli to refinance Mendham Village Shopping Center and Del’s Village Shopping Center located in Mendham and Boonton, New Jersey, respectively.

And, back in March, Natixis contributed 14 of the 67 loans to the COMM 2015-DC1 CMBS deal. Natixis securitized $274.8 million in loans on that deal.

Major tenants at 40-42 Exchange Place, which includes ground floor retail, include Rosetta Wines, Omega Shoes, David’s Kosher, Blimpie and The Irish Punt.

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