Natixis Leads $480,000,000 Boston Seaport Square Project

January 4, 2018, New York, NY -- Natixis announced today that it acted as the sole lead arranger and administrative agent for a $480,800,000 construction loan to Cottonwood Management to develop 3.5 acres in Boston Seaport Square, located in Boston, Massachusetts. The project is an 819,000 square-foot mixed use space located in one of the most desirable waterfront areas for commercial and residential development. The loan will finance a 717-unit residential facility, two condominium towers and one luxury rental tower, and will also include a two-story,125,000 square foot, retail base podium centered around a public courtyard.

“We’re thrilled to be financing Boston’s Seaport Square project, which illustrates our ability to provide borrowers tremendous capital markets access and unique, tailored deal structures and financing solutions,” said Greg Murphy, Head of Real Estate Finance Americas, Natixis. “We are encouraged by what this deal says about the quality of our platform, and believe the Seaport has found a great partner in Cottonwood Management.”

The property’s residential units will feature luxury finishes including quartz countertops, stainless steel appliances, gas fireplaces, floor-to-ceiling windows and in-unit laundry, Porcelanosa cabinetry and porcelain tile. Common amenities will include a wine room, lounge, outdoor and indoor swimming pools, spa treatment room, half basketball court, innovation center, children’s playroom, pet spa, and state-of-the-art lobbies.

The Seaport District is less than 200 yards west of the MBTA Silver Line’s subway station at World Trade Center. The Silver Line provides convenient access to South Station, a major public transportation hub in Boston or Logan International Airport.

Cottonwood Management, LLC is a privately-held real estate asset management company led by Alexander Shing, headquartered in Southern California, with offices in New York and Boston. Cottonwood’s portfolio consists of assets located in major cities, including but not limited to, San Francisco, Seattle, San Jose, Los Angeles, New York, Boston, Las Vegas, Phoenix, and Houston.

About Natixis Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 31.2 million clients spread over two retail banking networks, Banque Populaire and Caisse d’Epargne.

With more than 17,000 employees, Natixis has a number of areas of expertise that are organized into four main business lines: Asset & Wealth Management, Corporate & Investment Banking, Insurance and Specialized Financial Services.

A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE’s banking networks.

Listed on the Paris stock exchange, it has a solid financial base with a CET1 capital under Basel 3(1) of €12.9 billion, a Basel 3 CET1 Ratio (1) of 11.5 % and quality long-term ratings (Standard & Poor’s: A / Moody’s: A2 / Fitch Ratings: A). (1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in except for DTAs on tax-loss carryforwards following ECB regulation 2016/445. Figures as at September 30, 2017

Natixis is a full-service, direct lender offering a wide range of financial solutions for commercial real estate for its clients throughout the United States. It specializes in CMBS originations and also provides floating-rate structures for opportunistic property acquisition and repositioning situations. It has the ability to underwrite the full capital stack, including first mortgage, mezzanine/b-note, and preferred equity. Reference to Natixis, herein, includes its subsidiaries.

Press contact: Meredith Zaritheny, Prosek Partners +1 212 279 3115 ex. 251 [email protected]