CIT Related Content

CIT Serves as Lead Arranger of $58.9MM in Financing for Rethink’s Acquisition of Six Micro-Hospitals

The healthcare finance business of CIT, a division of First Citizens Bank, served as lead arranger of $58.9 million in financing for the acquisition of a portfolio of six micro-hospitals. The buyer is a joint venture directed by an affiliate of Rethink Healthcare Real Estate, formerly Seavest Healthcare Properties. read more

CIT Supports SK Capital Partners’ Investment in VanDeMark Chemical

The sponsor finance business of CIT, a division of First Citizens Bank, arranged debt financing to support SK Capital Partners’ investment in VanDeMark Chemical in partnership with existing co-owner Comvest Partners. read more

CIT Provides $50.8MM to Seavest Healthcare Properties

CIT’s healthcare finance business provided $50.8 million to Seavest Healthcare Properties for the refinancing of Providence Family Wellness Center and Medical Office building. read more

CIT Provides $10MM Financing to Blue Sky Specialty Pharmacy

The asset-based lending business of CIT, a division of First Citizens Bank, provided $10 million in financing to Blue Sky Specialty Pharmacy. read more

CIT Increases Financing for FOX Rehabilitation by $50MM

CIT and its healthcare finance business increased its existing credit facilities for FOX Rehabilitation by $50 million for a total financing of $172.3 million. read more

CIT Arranges $67.5MM in Financing for Acquisition of Surgical Hospital

CIT’s healthcare finance business served as lead arranger for $67.5 million in financing for the acquisition and future expansion of the Northwest Specialty Hospital in the Greater Spokane, WA, market region. read more

CIT Arranges $53MM in Financing for Acquisition of Industrial Properties

CIT’s real estate finance business served as lead arranger on $53 million in financing for the acquisition of six industrial properties. read more

Jackson Joins CIT’s Equipment Finance-Industrial Business as VP and Business Development Officer

Diana Jackson joined CIT’s equipment finance-industrial business as a vice president and national business development officer. Prior to joining CIT’s equipment finance-industrial group, Jackson worked as a strategic account manager and regional sales manager for Bidadoo. read more

Transformational Leadership: How and Why Good Leadership Applies Directly to Important Changes in the Equipment Finance Industry

Ten industry leaders sat down with Monitor to discuss the emerging and necessary changes that will be made in the equipment finance industry and how great leadership can contribute to, respond to and implement those changes.... read more

CIT Names Ronan Group Head of Capital Equipment Finance Business

CIT, a division of First Citizens Bank, named Kevin Ronan the group head of its capital equipment finance business. Previously, Ronan served as national sales director for CIT’s capital equipment finance business’ direct and indirect sales channels. read more

CIT Increases Lending Facility for Fashion Company to $100MM

CIT Commercial Services, a subsidiary of First Citizens Bank, increased a New York-based fashion company’s discretionary lending facility to $100 million to support the acquisition of an entity that specializes in children’s apparel. read more

CIT Arranges Financing for Swell Energy’s Energy Storage Projects

CIT’s power and energy business served as sole lead arranger of financing for the development of Swell Energy’s pipeline of new behind-the-meter commercial energy storage projects in California. read more

CIT Provides Acquisition Financing to TruAmerica Multifamily

CIT, a division of First Citizens Bank, provided a loan to TruAmerica Multifamily for the acquisition of The Park at Napoli Apartments in Winter Park, FL. read more

CIT Northbridge Credit Adds Lederman as Managing Director for Business Development

CIT named Randy Lederman a managing director for business development activities across the Northeast for CIT Northbridge Credit. Based in New York, Lederman will be responsible for sourcing new asset-based loan opportunities from $15 million to $150 million. read more

CIT Arranges $88MM in Financing for Texas Battery Storage System

CIT’s power and energy business arranged $88 million in financing for a 173-megawatt standalone merchant battery storage facility in Texas. Siemens Financial Services participated as joint lead arranger in the financing. read more

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