Trez Capital Group LP Announces Strategic Relationship with Natixis
TORONTO, Oct. 14, 2014 /CNW/ - Trez Capital Group LP ("Trez") is pleased to announce a strategic relationship with Natixis, whereby the New York Branch of Natixis will provide warehouse financing, hedging services, and other advisory services to Trez's newly established term lending platform operated by Trez Commercial Finance LP ("TCF"). Trez's long standing Canadian real estate expertise will greatly benefit from the deep expertise of Natixis in the mortgage securitization space, providing the basis for a market-leading term financing platform for commercial real estate owners and developers across Canada.
Natixis is the corporate, investment and financial services arm of Groupe BPCE, the 2nd largest bank in France. Natixis is widely recognized as a major industry player encompassing a comprehensive array of financing services involving the entire spectrum of real estate assets, including office, business premises, industrial, multi-family and hospitality properties. This strategic relationship will complement the commercial lending activities of Natixis in the Americas.
"We are thrilled to be working with Natixis, who will not only be contributing as a financing source, but will also be bringing tremendous expertise in commercial mortgage-backed securities to the Trez CMBS platform," said Morley Greene, Chairman and Managing Partner of Trez. "It is our vision to become one of the largest providers of term commercial financing in Canada and the resources and expertise that Natixis provides will enable us to aggressively pursue this vision".
Trez is one of Canada's largest private non-bank short-term lenders. Trez has provided innovative financing for commercial properties in major centres throughout Canada and selected US markets since 1997. With offices in Vancouver, Toronto, and Dallas, Trez manages mortgage assets of over $1.8 billion. Trez offers a number of private and institutional mortgage funds, two publicly traded Mortgage Investment Corporations (TSX:TZZ andTSX:TZS) and private placement opportunities.
TCF provides term financing on stabilized income producing commercial properties across Canada, and is a CMBS conduit. The ability to provide term financing is an expansion of Trez's traditional lending platform and a complement to Trez's core business. Trez's strength lies in its long standing borrower relationships, well established processes, infrastructure and expertise to provide reliable, fast, and consistent execution to borrowers. The dedicated TCF team currently consists of seven professionals who are able to capitalize on the resources of Trez's industry leading lending platform. The demand for term financing continues to be robust in Canada and Trez is well-positioned to meet the complex needs of commercial borrowers.
SOURCE: Trez Capital
Trez Capital Group LP, Karyn Phuong, VP, Investor Relations, 647-788-1788, [email protected]; Trez Commercial Finance LP, Ross Brennan, Managing Director, 416-342-0466, [email protected]
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