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In the second-biggest data center construction loan so far this year, CIM Group and Novva Data Centers have secured $2 billion in financing from J.P. Morgan and Starwood Property Trust. The loan will enable Novva to complete the second and third phases of the 100-acre data center campus in the Salt Lake City suburb of West Jordan, Utah. It will be one of the largest direct-to-chip cooled AI data centers in the world.