FARMERS BRANCH, TX—A $190 million bridge loan was recently provided to Taconic Capital Advisors, the owner of International Plaza I and II, a 780,000-square-foot double tower located in the Far North Dallas district. The class-A complex is anchored by two long-term tenants, Tenant Healthcare and Trinity Industries.
The five-year floating rate loan was originated by CIM Group. In addition to mortgage and mezzanine loans, the real estate and infrastructure owner, operator, lender and developer also provides bridge, construction and repositioning loans to owners and developers.
Cushman & Wakefield was the exclusive advisor to Taconic Capital Advisors for the procurement of the refinancing. The equity, debt and structured finance team consisted of Rob Rubano, Greg Napper and Brian Share.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
