D2 Residential and Natixis Corporate and Investment Banking (Natixis CIB) are excited to announce their new program aimed at providing innovative financing solutions for multifamily apartments and other commercial residential assets. This new program is designed to offer an alternative to traditional agency and CMBS conduit financing executions by providing greater structural flexibility, more streamlined execution, and a customized approach to borrower needs.
Designed with institutional and middle-market sponsors in mind, the platform addresses financing objectives that may not be fully met by existing agency executions, enabling sponsors to pursue their business plans with more aligned, creative capital solutions. Under this collaboration, D2 Residential and Natixis CIB will work together to originate and securitize loans within the program, with D2 Residential assuming the role of first loss holder in these transactions. This strategic partnership is expected to enhance financial opportunities for borrowers in the multifamily sector.
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D2 Residential, led by David Brickman, President of D2 Residential and a Partner at D2 Asset Management, and former CEO of Freddie Mac, brings a wealth of experience and industry knowledge to the platform. Natixis CIB will manage the program through its Real Estate & Hospitality group, led by Precilla Torres, Head of Real Estate & Hospitality Americas, which is dedicated to providing a wide range of balance sheet and capital markets products to clients in the commercial real estate sector.
This program reflects both organizations’ commitment to supporting the growth of multifamily housing by providing financing options that meet the evolving needs of borrowers.
David Brickman, President of D2 Residential Real Estate notes: “We are incredibly excited to be partnering with Natixis on this innovative new program. As the multifamily market continues to evolve and capital markets gain a deeper appreciation for the intrinsic strengths of multifamily as an asset class, we believe there is a unique opportunity to introduce a differentiated offering. This program is specifically designed for top-tier institutional and middle-market Multifamily operators and sponsors who are unable to fully meet their financing objectives through existing institutional lenders or the Agencies.”
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Precilla Torres, Head of Real Estate and Hospitality Americas of Natixis CIB added “This partnership is intended to create the only programmatic private stabilized, fixed rate all multifamily securitization series in the current environment outside of the agencies’ programs. Through this platform, we will provide our borrower and investor clients with a unique product offering to serve their fixed rate multifamily needs. Natixis CIB is privileged and looking forward to working with D2 in growing our multifamily lending businesses together.”
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Source: PR Newswire
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