CIT Related Content

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

First Citizens Bank Completes Conversion of OneWest Bank

First Citizens Bank completed its conversion of OneWest Bank to First Citizens’ operations and systems division. This conversion integrates OneWest Bank customer accounts into First Citizens products and services. read more

CIT Maritime Finance Provides $80MM to Refinance Two Container Ships for Seamax

CIT’s Maritime Finance business provided $80 million to refinance two Korean-built container ships operated by Seamax. read more

CIT Closes $17MM Construction Loan for Saxum Real Estate

Saxum Real Estate closed on a $17 million construction loan from CIT, a division of First Citizens Bank, for the financing of two industrial developments in Hazleton, PA. read more

CIT Increases Maritime Financing to $57MM for Crowley

CIT’s maritime finance business increased its financing of Crowley, a global shipping and logistics company, to a total of $57 million as part of a larger credit facility. This financing applies to multiple Crowley vessels. read more

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