10Y UST4.88%+0.41%30Y MTG7.11%-0.97%SOFR3.89%+0.26%VNQ$96.44-0.60%XLRE$44.37-0.50%FED FUNDS3.88%
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Connect CRE · Capital

Natixis Leads $233M Refi of Midtown Residential Tower

Via Connect CRE · November 12, 2026
Compiled by Real Estate Trail Editorial · November 12, 2026

Why this matters

Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

  • Disclosed capital deal value tracked in November 2026: $20.6B across 45 reported transactions.

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Connect CRE:
Natixis Corporate & Investment Banking led a $233.3-million floating-rate financing to a joint venture between a global investment firm and Stonehenge Investment to refinance The Ritz Plaza, a 45-story luxury multifam…
Read the full article at Connect CRE →

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