LOS ANGELES–(BUSINESS WIRE)–CIM Group, a community-focused actual property and infrastructure proprietor, operator, lender, and developer, introduced as we speak that it originated roughly $2.2 billion of business actual property loans in 2020 by way of its CIM Actual Property Credit score Methods enterprise. CIM Group originated mortgage, mezzanine, bridge, value-add and building loans starting from roughly $50-$500 million on a wide range of business actual property property together with residential, workplace, industrial and lodges in main metropolitan and suburban markets throughout the U.S.
“CIM Group has elevated its out there assets and capital for lending over the previous a number of years and has been strategically deploying that capital throughout the capital stack and throughout various asset varieties. When COVID-19 hit, our lending portfolio had low leverage and was in an ideal place to be a useful resource to debtors. With over 25 years of operational experience and actual property lending expertise, we have been capable of effectively underwrite threat regardless of market uncertainty and supply versatile monetary options to debtors, permitting them to advance and execute on their enterprise plans,” mentioned Avi Shemesh, Co-Founder and Principal, CIM Group.
CIM Group’s credit score platform offers loans from $50-$500 million for business actual property positioned in major and secondary MSAs. The corporate’s expertise with all varieties of business properties positions its workforce to research not solely conventional asset courses, similar to workplace, residential, retail, industrial and lodges, but in addition area of interest property varieties similar to knowledge facilities, parking, specialty-use tasks and entitled land. By means of senior and subordinate financing, CIM’s Actual Property Credit score Methods offers bridge and building financing and works with debtors to supply an array of lending options.
CIM Group maintained an lively lending program all through 2020 with substantial post-COVID-19 originations, together with: a $105.5 million mortgage for the development of X Denver 3.0, an residence neighborhood with supporting workplace and retail elements in downtown Denver; a $190 million bridge mortgage on Worldwide Plaza I/II, a two-building, 780,000-square-foot workplace property in Dallas; and a $60 million bridge mortgage for the acquisition of a 53-acre industrial land web site on Staten Island, New York.
CIM Group is an lively lender with places of work throughout the nation and a presence in additional than 135 submarkets throughout North America, which offers a powerful on-the-ground basis for its increasing debt platform. Further data is obtainable at www.cimgroup.com/crecs.
About CIM Group
CIM is a community-focused actual property and infrastructure proprietor, operator, lender and developer. Since 1994, CIM has sought to create worth in tasks and positively influence the lives of individuals in communities throughout the Americas by delivering greater than $60 billion of important actual property and infrastructure tasks. CIM’s various workforce of consultants applies its broad data and disciplined method by way of hands-on administration of actual property from due diligence to operations by way of disposition. CIM strives to make a significant distinction on the planet by executing key environmental, social and governance (ESG) initiatives and enhancing every neighborhood during which it invests. For extra data, go to www.cimgroup.com.