CIM Group Provides $200M Construction Loan For Mixed-Use Property In Phoenix

The property involved in this transaction is a mixed-use asset located at 300 N. Central in Phoenix. It has a total square footage of 1,000,000. The loan for this property was provided by CIM Group for a construction project. The loan amount is $200,000,000. The property is owned by Medistar Corporation and GMH Communities.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $200,000,000
• Address: 300 N. Central, Phoenix
• Market: Phoenix
• Loan Type: Construction
• Lender: CIM Group
• Landlords: Medistar Corporation and GMH Communities

The brokers involved in this deal are Michael Campbell and Kyle Morque from The Carlton Group. The Carlton Group is responsible for providing equity and debt capital. Michael Campbell can be reached at [email protected] or (212) 716-5611, while Kyle Morque can be reached at [email protected] or (212) 716-5637.