CIM Group Provides $72.9M Refinancing Loan for SunTrust Plaza in Downtown Orlando

Oct 01, 2020 No Comments by

CIM Group has provided a $72.9 million construction take-out loan for SunTrust Plaza at Church Street Station.

The new 28-story, 209,000-square-foot office building is located in downtown Orlando.

The borrower, a partnership between Lincoln Property Co. and Mason Capital Partners, delivered the asset earlier this year. Truist Financial Corp., formerly SunTrust Bank, occupies 43 percent of the building through 2030.

The asset was 84 percent leased at the time of financing.

 

Source:  RE Business

 

————————-

Get the latest industry news and information from CRE-sources delivered right to your email inbox!
And we promise…no more than one email each morning.

CLICK HERE TO SUBSCRIBE TODAY!

 

 

Go Ahead...Share!
  • email
  • Facebook
  • LinkedIn
  • Twitter
  • Add to favorites
  • Print
Industry News, NA, Office
No Responses to “CIM Group Provides $72.9M Refinancing Loan for SunTrust Plaza in Downtown Orlando”

Leave a Reply