CIT Group Related Content

CIT Leads $93.7MM in Financings for Healthcare Venture

CIT Group’s Healthcare Finance unit served as the lead arranger of $93.7 million in combined financing for 19 healthcare facilities in California, Nevada and Washington. read more

CIT Upgrades B2B Point-of-Sale Lending Platform

CIT Group’s Small Business Solutions group has released a new version of its award-winning platform that will transform the process of selling equipment with financing to business customers. read more

CIT Group 2019 Net Income Up 18.6%, Revenue Down 3.6% Y/Y

CIT Group reported full-year 2019 net income of $530 million, up 18.6% from $447 million in 2018. 2019 net revenue was $1.848 billion, down 3.6% from $1.917 billion year over year. read more

CIT Leads $42.8MM Financing for True Green Capital NY Solar Portfolio

CIT Group’s Power and Energy unit served as sole lead arranger on a $42.8 million in debt financing to support NY Solar Farms, a 70-megawatt community solar portfolio. read more

CIT Leads Financing for Construction of Logistics Center Near JFK Airport

CIT Group served as administrative agent for an $87 million loan to finance construction of a new logistics warehouse and storage facility adjacent to John F. Kennedy International Airport in Queens, NY. read more

CIT Leads Financing for Clearway Solar Energy Portfolio

CIT Group’s Power and Energy unit arranged approximately $200 million in financing for a 76-megawatt portfolio of community solar projects in four states. read more

CIT Leads $56MM Financing for Commercial Shipping Vessels

CIT Group’s Maritime Finance business led the arrangement of $56 million in financing toward the acquisition of two large commercial shipping tankers. read more

CIT Completes Acquisition of Mutual of Omaha Bank

CIT Bank completed the acquisition of Mutual of Omaha Bank, bringing its total assets to $60 billion. read more

CIT Donates 1.5MM Meals to Fight Hunger; Campaign Exceeded Goal By 50%

CIT Group announced the results of its second annual One Million Meals campaign to fight hunger in partnership with Feeding America, which exceeded its campaign goal by 50%. read more

CIT Provides $36.2MM for Acquisition of Plano Office Building

CIT Group's Real Estate Finance unit provided $36.2 million in financing for the acquisition of Park Center, a 97% leased, multi-tenant office building in Plano, TX. read more

CIT Serves as Sole Lender on $35MM Financing for Icelandair

CIT Group’s Aviation Lending business, part of its Commercial Finance division, served as sole lender and facility agent on a $35 million secured financing for Icelandair Group, the national carrier of Iceland. read more

CIT Selects First Launch + Grow Business Plan Winners

CIT Group and Operation HOPE selected the winners of its Launch + Grow Business Plan competition, part of an ongoing program to empower local women small business owners in New York City and Los Angeles. read more

CIT Group Hires GE Capital Vet Bolo as Southeast Lead

CIT Group’s Capital Equipment Finance business has named Rob Bolo director for the Southeast region. read more

Shah Joins CIT TMT Group as Director of Originations

CIT Group has appointed Mihir J. Shah as director of technology originations in its Technology, Media and Telecommunications business. read more

CIT Group Invites Small Biz Partners to Help Feed America

CIT Group, in partnership with Feeding America, launched its second annual One Million Meals campaign to fight hunger this holiday season. read more

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Terry Mulreany
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