Barclays, Citi provide CIM with loan to buy 16 Court St.

Barclays and Citigroup provided a $110 million loan to CIM Group for its purchase of the 38-story office tower at 16 Court Street in Downtown Brooklyn, sources told The Real Deal. CIM closed Tuesday on its $171 million purchase of the building, Brooklyn’s tallest office property, from SL Green Realty. The Los Angeles-based private equity firm financed the deal with a 10-year, $110 million fixed-rate loan that Barclays and Citigroup will securitize into the CMBS […]

Source: Real Estate

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