- Factoring Sector Slightly More Optimistic as Industry Expects Better Business Conditions and Portfolio Performance
- Asset-based loan commitments grew in 2023, with fewer new clients, but larger deals
- A Unique Journey to Secured Finance: Interview with Jacob Shoihet and Peter Spradling of Marco Capital
- SFNet Launches IMPACT Awards to Celebrate Excellence in the Secured Finance Industry
- Wintrust Receivables Finance Announces Closing of $3M Line of Credit for Growing Third-Party Logistics Company
Natixis Corporate & Investment Banking Provides $140 Million Revolving Credit Facility to a Rialto Capital Management and YourStorageUnits JV
June 22, 2022
By PR Newswire
NEW YORK, June 22, 2022 /PRNewswire/ -- Natixis Corporate & Investment Banking announced today that it has provided a $140 million secured revolving credit facility to a JV between Rialto Capital Management and YourStorageUnits. The facility is currently secured by seven recently constructed self-storage properties located in Florida, Georgia and South Carolina, comprising more than 5,000 units in aggregate. The facility will be utilized to acquire additional self-storage assets which are undergoing development by YourStorageUnits.
Rialto Capital is an integrated investment management and asset management platform with a dedicated special servicer. YourStorageUnits' principals have been active in the self-storage sector since 1993 and has developed more than 2,000 facilities during that time and more than 330 facilities and 19MM sq. ft. within the past 5 years.
About Natixis Corporate & Investment Banking
Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.
Our teams of experts in 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. We are committed to supporting the environmental transition by aligning our financing balance sheet with a +1.5°C trajectory by 2050.
As part of the Global Financial Services division of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d'Epargne retail networks, Natixis CIB benefits from the Group's financial strength and solid financial ratings (Standard & Poor's: A, Moody's: A1, Fitch: A+, R&I: A+).
Press contacts:
Tara Flanagan
Prosek Partners
tflanagan@prosek.com
Tel: +1 646 818 9022
cib.natixis.com
https://www.linkedin.com/company/natixis-corporate-investment-banking/
https://www.youtube.com/user/Natixisvideos
https://podcast.ausha.co/green-momentum