Jul
09
Natixis Facilitates First “Green Bond” CMBS Deal
ByThe firm issued the first green-specific tranche in a CMBS to refinance part of Ivanhoé Cambridge and Callahan Capital Properties’ $358.6 million acquisition loan for New York City’s 85 Broad St.
Noting it received “very strong interest” from major green investors across the globe, French corporate and investment bank Natixis collaborated with Ivanhoé Cambridge and Callahan Capital Properties to issue the first green tranche in a CMBS to refinance part of the acquisition loan for 85 Broad St. in Downtown Manhattan.
The $72 million green-specific tranche was issued as part of the CSAIL 2017-C8 CMBS Securitization to refinance part of the $358.6 million fixed-rate, first mortgage loan provided by Natixis in the spring to purchase the 1.1 million square-foot office tower in the Financial District…
