Debt

CIM’s Debt Strategy focuses on originating and managing real estate loans for residential, retail, office and hotel projects located primarily in CIM’s Qualified Communities throughout the U.S. and is supported by the company’s 20-year track record as a debt investor and large-scale borrower. CIM typically targets loan types that it believes are currently underserved by existing lenders such as limited and/or non-recourse junior and senior construction loans, and limited and/or non-recourse junior and senior acquisition, bridge or repositioning loans.

An example of a CIM debt investment is the origination of a senior loan and a mezzanine loan portfolio to fund the acquisition and repositioning of four retail and office properties in Miami’s transforming Design District and the Wynwood neighborhood.  CIM retained the mezzanine loan.  The properties include: a well-established three-story retail and office property with 33,800 square feet of street level retail; a newly-redeveloped retail property with 22,200 square feet of street level retail; and a 13,775-square-foot development site, with a 5,500-square-foot revenue-generating retail building. These funds will be used to renovate or redevelop existing structures, improve leasing, and predevelopment activities for a new five-story office and retail mixed-use project on the development site.

Miami Loan Portfolio
Miami Loan Portfolio

CIM originated and placed a loan portfolio to fund the acquisition and redevelopment of four retail and office properties located in the Design District and Wynwood neighborhood of Miami, Florida.  CIM retained the mezzanine portion of the loan.

Trump SoHo
Trump SoHo
The Trump SoHo consists of 391 units with no more than 12 units per floor, and provides world-class amenities with upscale dining, a luxury spa, indoor and outdoor relaxation areas, and four meeting event spaces—including one on the 46th floor.
LAX Holiday Inn
LAX Holiday Inn

The 12-story, 405 room LAX Holiday Inn is located near the intersection of La Cienega Boulevard and Century Boulevard, and is approximately one mile from Los Angeles International Airport (LAX).