CIM Group has expanded its approximately $10 billion Real Estate Debt Solutions platform to Europe, with initial plans to originate primarily whole loans on transitional assets as well as core mezzanine loans across the United Kingdom and key Western European countries.
CIM Group is targeting loan sizes of between £75 million and £200 million (€85 million and €227 million/$91 million and $243 million) for whole loans and between £20 million and £50 million (€23 million and €57 million/$24 million and $61 million) for core mezzanine loans, which will initially be made under the firm’s existing fund mandates. The European credit strategy expects to expand to also include ground-up development financings in the future.
CIM Group established a London office in 2021. The firm is currently adding to its local credit team, which will be supported by more than 30 credit professionals based in the United States.
The European Real Estate Debt Solutions busin
