CIM Real Estate (CMRF) reshapes Wells Fargo CRE loan facilities and guaranty

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CIM Real Estate Finance Trust, Inc. (CMRF) has rebalanced its commercial real estate loan facilities with Wells Fargo. The company reduced the maximum capacity of its CMFT Repurchase Facility from approximately $512.0 million to $277.5 million, while simultaneously increasing the CLR Repurchase Facility from $250.0 million to $500.0 million. This strategic adjustment also includes a reaffirmation of guaranty obligations by CIM Real Estate and CIM Commercial Lending REIT, with the latter set to become the sole guarantor under specific conditions.

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