CIM Group Provides $150 Million Refinancing for 1,039-Bed Community Near San Jose State

by Katie Sloan

San Jose, Calif. — CIM Group has provided a $150 million refinancing to AMCAL Equities and Star America for The Grad, a 1,039-bed student housing community located near San Jose State University. The 19-story property offers studio, two-, three-and four-bedroom, fully furnished units. Shared amenities include 14,889 square feet of ground floor retail space, study rooms, a computer lab, fitness center, swimming pool and bicycle storage. The financing was arranged by Bryan Gortikov of Gortikov Capital.

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