CIM Group Closes $83.0 Million Bridge Loan Secured by The Whit Apartments in Indianapolis, IN
Press release content from Business Wire. The AP news staff was not involved in its creation. CIM Group Closes $83.0 Million Bridge Loan Secured by The Whit Apartments in Indianapolis, IN February 3, 2021 GMT LOS ANGELES--(BUSINESS WIRE)--Feb 3, 2021-- CIM Group, a community-focused real estate and infrastructure owner, operator, lender, and developer, announced today that it has closed an $83.0 million bridge loan provided to TWG Development. The loan is secured by The Whit Apartments, a 334-unit luxury apartment building with 10,700 square feet of ground floor retail and an adjacent 526-sta...
Source: apnews.com