CIM Group has closed a $190 million bridge loan provided to Taconic Capital Advisors, the owner of International Plaza I & II, a 780,000-square-foot class A office complex located in the Far North Dallas district. International Plaza I & II includes two office towers anchored by two long-term tenants, Tenant Healthcare and Trinity Industries.
CIM is an active lender, and recently announced the closing of a $95.6 million mortgage loan secured by Galleria Corporate Center, a 546,000-square-foot creative office building and adjacent 10-story parking garage, located in Scottsdale, Ariz. In April, CIM provided a $100 million short-term liquidity facility secured by a portfolio of real estate assets in the Los Angeles area to provide short-term working capital to the borrower.
