New York, September 2, 2015

Natixis Lends Against One Court Square

Natixis Real Estate Capital LLC provided $315,000,000 of 5-year term fixed-rate CMBS financing to a joint venture led by Savanna to refinance One Court Square, an iconic Class A office and retail property located in City, NY. The financing was arranged by Steven Kohn and Alexander Hernandez from the office of Cushman & Wakefield in New York.

The 52-story trophy office tower has approximately 1,538,747 square feet and is the tallest building in New York State outside of . The property has stunning 360° views of the Manhattan, and Brooklyn skylines from virtually every floor. is one of ’s most connected submarkets by way of public transportation outside of Midtown Manhattan. The property is ideally located above the Court Square subway station which serves as the transportation hub of the submarket and provides easy access to Midtown Manhattan in less than 3 minutes. Long Island City has become one of the most desirable and fastest growing submarkets which saw population increase by 25% between 2000 and 2010 and is expected to add another 40,000 new residents by 2018.

Natixis Real Estate Capital LLC 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. Natixis Real Estate Capital is a subsidiary of Natixis.

About Natixis

Natixis is the corporate, investment, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 36 million clients spread over two retail banking networks, Banque Populaire and Caisse d’Epargne.

With more than 16,000 employees, Natixis has a number of areas of expertise that are organized into three main business lines: Corporate & Investment Banking, Investment Solutions & 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. Figures as at June 30, 2015

Press Contact

Mitch Karig, Natixis CIB Americas Communications Tel. 212-891-1882, [email protected]

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