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CIM Mortgage Trust originates USD68m loan for Miami property acquisitions.

BANKING AND CREDIT NEWS-March 24, 2015-CIM Mortgage Trust originates USD68m loan for Miami property acquisitions

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CIM Mortgage Trust (CMMT) said it has originated and placed a USD68 million loan with the intent to fund acquisitions and repositionings of four Miami, Florida properties.

CMMT said that of the USD68 million loan, CMMT has retained the USD22.4 million mezzanine portion of the loan.

CMMT provides non-recourse, higher-leverage bridge, construction, and special situation loans for multi-family and commercial properties. CMMT is managed by CIM Group, a premier full service urban real estate and infrastructure fund manager.

CIM Mortgage Trust is a direct lender that originates commercial real estate loans for projects in urban communities throughout the US. CIM Mortgage Trust is managed by CIM Group, a premier full-service urban real estate and infrastructure fund manager.

CIM Group is a leading real estate and infrastructure investment firm.

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Publication:M2 Banking & Credit News (BCN)
Geographic Code:1U5FL
Date:Mar 24, 2015
Words:163
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