Clockwise from top left: Michael Magner, Benjamin Sirgue, Andrew Taylor and Jerry Tang.
Michael Magner, Benjamin Sirgue, Jerry Tang and Andrew Taylor
Head of U.S. Originations; Head of Strategic Sectors and Distribution; Head of the Industry Group and Global Financial Sponsors; Head of CMBS, Real Estate and Hospitality at Natixis
Last year's rank: 21
Does Natixis continue to be an impressive tour de force in the world of commercial real estate lending? Bien sûr!
Although its originations dipped somewhat last year, the French bank still amassed a cool $4.1 billion in originations; $2.5 billion in CMBS and $1.6 billion in balance sheet loans.
Underscoring Natixis’ national footprint, . the lender provided a $350 million CMBS loan on Crescent Heights’ Ten Thousand property in Santa Monica, Calif.; a $218 million CMBS loan on Patriots Park in Reston, Va.; a $220 million CMBS refi on the Amazon Phase VII building in Seattle; and a $205 million floating-rate loan on 10 Jay Street in Brooklyn.
In October, Natixis waved au revoir to Greg Murphy, who’d been at the helm of its U.S. real estate lending platform for almost 20 years. Murphy hasn’t been replaced as such, with his duties instead being split across the management team honored here.
“I’m very proud to have assembled this strong management team,” Benjamin Sirgue told Commercial Observer in February. “It’s something that is very important to me and also very important for the development of the bank in the real estate market.”
While Michael Magner and Jerry Tang have been with the bank for some time now, Andrew “Andy” Taylor joined Natixis from J.P. Morgan Chase in April.
In addition to its focus on CMBS, balance sheet loans, warehouse lines and revolving credit facilities, investment banking and advisory services, Natixis is further pursuing its European green loan activities in the U.S. It’s the first bank globally to have a Green Weighting methodology and rating system that assesses a property’s climate impact and allows borrowers to reap pricing benefits if their properties qualify.
As for its experience through COVID-19, “the past few months have been a reality we had to live through,” Magner said in a recent CO Power Briefing. “I think what we found is, given the way that technology is now, working from home has a different flavor to it. It showed the resiliency we have and we [at Natixis] were very productive and connected. We’re looking forward to getting back to normal, but it was a good learning experience for us.”—C.C.
