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Natixis Corporate & Investment Banking Provides $150 Million Financing For Mixed-Use Multifamily & Commercial Property In Philadelphia

Sep 20, 2022about 3 years ago

Amount Raised

$150 Million

New YorkFinancial Services

Description

Natixis Corporate & Investment Banking originated a $150 million, five-year, floating-rate financing to an affiliate of Philadelphia-based Alterra Property Group for the refinance of LVL North, a recently completed mixed-use, multifamily & commercial property located at the intersection of Broad Street and Spring Garden Street in Philadelphia, Pennsylvania.

Company Information

Company

Alterra Property Group

Location

S 16Th St

New York, United States

About

Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide. Our teams of experts in 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. We are committed to supporting the environmental transition by aligning our financing balance sheet with a +1.5°C trajectory by 2050. As part of the Global Financial Services division of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d'Epargne retail networks, Natixis CIB benefits from the Group's financial strength and solid financial ratings (Standard & Poor's: A, Moody's: A1, Fitch: A+, R&I: A+).

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