LOS ANGELES–(BUSINESS WIRE)–CIM Group, a community-focused real estate and infrastructure owner, operator, lender, and developer, announced today that it has closed a $72.9 million bridge loan provided to a joint venture comprised of Mason Capital Partners, Lincoln Property Company, and Pope & Land Company, the owners of SunTrust Plaza at Church Street Station. The loan is secured by the 18 stories of Class-A office space in the 28-story trophy mixed-use tower located at 333 S. Garland Avenue in Downtown Orlando, and the 547-space integrated parking deck. The property is approximately 84% leased, with Truist Bank, formerly known as SunTrust Bank, as its major tenant.
CIM is an active lender, and since the on-set of COVID-19 has made the following loans:
$190 million bridge loan secured
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