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

JUN 8, 2022 - 7:39 am

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

JUN 1, 2022 - 7:41 am

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

MAY 31, 2022 - 7:35 am

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

MAY 19, 2022 - 6:57 am

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

MAY 12, 2022 - 7:40 am

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

MAY 6, 2022 - 7:27 am

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

APR 28, 2022 - 7:08 am

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

APR 22, 2022 - 7:04 am

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

APR 15, 2022 - 7:30 am

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

APR 14, 2022 - 7:09 am

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

APR 12, 2022 - 6:33 am

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

APR 7, 2022 - 6:19 am

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

APR 6, 2022 - 6:15 am

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

APR 1, 2022 - 6:27 am

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

MAR 29, 2022 - 6:31 am