Natixis Provides $250M Refinancing Loan for Office Property in NYC

by Haisten Willis

NEW YORK CITY — Natixis has provided a $250 million first mortgage CMBS loan to JEMB Realty for the refinancing of 75 Broad St. in Manhattan. JEMB Realty purchased the office tower in 1999, and has renovated it into a property geared toward high-tech tenants. More than $50 million in improvements have been made to the 34-story, 650,000-square-foot property in recent years. Steve Kohn and Alex Hernandez of Cushman & Wakefield advised the borrower in the transaction.

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