CIT Related Content

CIT Adds Dalton as Managing Director for Real Estate Finance Group

CIT, a division of First Citizens Bank, added Ted Dalton as a managing director for its real estate finance group. Dalton is based in New York and will operate as a senior relationship manager. read more

CIT Provides $22MM to Refinance Medical Office Building in Arizona

CIT’s healthcare finance business served as sole lender on a $22 million loan to AZ Banner Investments, which is managed by Webb Management & Investments. AZ Banner Investments used the loan to refinance a three-story medical office building in Chandler, AZ. read more

CIT’s Maritime Finance Business Provides $30.5MM to Lomar Shipping

CIT’s maritime finance business served as sole lead arranger on up to $30.5 million in financing to expand Lomar Shipping's portfolio of dry bulk vessels. read more

CIT Provides $30MM for Arizona Apartment Complex Acquisition

CIT’s real estate finance business provided $30 million for the acquisition of Madison Grove Apartments, a 171-unit multi-family complex located in the north Phoenix area, by Brass Enterprises. read more

CIT Arranges $714MM for Thermal Generation Assets Managed by Middle River Power

CIT’s power and energy business served as coordinating lead arranger on $714 million in financing for a portfolio of thermal generation assets in California. The proceeds will be used to refinance a 1.8-gigawatt portfolio managed by Middle River Power. read more

CIT Increases Financing for Polsteam Group by $10MM

CIT’s maritime finance business increased its financing for Polska Zegluga Morska Capital Group (Polsteam Group) by $10 million through a secondary purchase. The loan increases CIT’s total financing commitment to the client by about 50%. read more

CIT Wins 2022 FinTech Breakthrough Award for Best B2B Payments Platform

CIT’s community association banking group won the Best B2B Payments Platform award for C-PropertyPay in the sixth annual FinTech Breakthrough Awards program. read more

CIT Northbridge Provides $145MM Credit Facility to Natural Gas Compression Systems

CIT Northbridge Credit, as advised by CIT Asset Management, served as sole lead arranger on a $145 million credit facility for Natural Gas Compression Systems. read more

CIT Names Smith Business Development Officer for Capital Equipment Finance

CIT’s capital equipment finance business named Eric Smith a business development officer for the western region. Smith has more than 25 years of experience developing equipment-based financial solutions across a range of industries and financial sales. read more

CIT Provides $37.2MM in Financing to Aminim Group for Distribution Facility

CIT’s real estate finance business provided a $37.2 million loan to Aminim Group to finance the acquisition of a bulk distribution facility in Pittsburgh. read more

CIT Appoints Black Managing Director and Group Head for Lender Finance

CIT appointed Geoff Black to the position of managing director and group head for the lender finance business within its business capital division. Black joined CIT in 2006 and, in his most recent role, he was responsible for originating and growing relationships. read more

CIT Names New Business Development Leaders and Team Leader in Commercial Services

CIT hired Howard Moore and Paul Pagano as business development directors in the Northeast and promoted Michael Rayner to director and team leader in the West for its commercial services business. read more

CIT Arranges Financing for Kenneth Cole Productions

CIT’s asset-based lending business served as lead arranger on financing for Kenneth Cole Productions, a men’s and women's fashion brand. read more

CIT Provides $35.6MM for Acquisition of Massachusetts Residential Complexes

CIT’s real estate finance business provided $35.6 million for the acquisition of two multifamily residential properties in the North Shore area of Massachusetts. The name of the borrower was not disclosed. read more

CIT Provides $29.9MM in Financing for Acquisition of Industrial Buildings

The real estate finance business of CIT, a division of First Citizens Bank, provided a $29.9 million loan for the acquisition of a portfolio of industrial buildings in Chicago by Aminim Group. read more

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