CIT, a division of First Citizens Bank, launched a new lending and leasing vertical focused on financing fleet golf cars, turf (grounds care) equipment, utility vehicles and similar equipment. Shawn Foy will lead the new vertical. read more

MAR 25, 2022 - 6:38 am

CIT reorganized its commercial services factoring business, with Marc Heller, president of CIT commercial services, now reporting directly to Peter Bristow, president of First Citizens Bank, and Michael Hudgens now leading commercial services as managing director and group head. read more

MAR 8, 2022 - 6:24 am

CIT’s real estate finance business served as sole lead arranger on a $39.6 million loan to an affiliate of Clarion Partners to finance the acquisition and development of Southside Logistics Center, an industrial facility in Baltimore. read more

MAR 4, 2022 - 6:24 am

CIT’s real estate finance business provided $51 million in financing for the acquisition of the Oceana Apartments in Avondale, AZ, by 29th Street Capital. read more

FEB 25, 2022 - 6:14 am

CIT’s healthcare finance division provided more than $44 million toward the financing of medical office buildings and facilities in Florida, Washington and Arizona. read more

FEB 24, 2022 - 6:14 am

CIT’s power and energy business served as coordinating lead arranger on $71.4 million in financing for a portfolio of solar projects in Howard County, MD, for Arches Solar, a subsidiary of CleanCapital. read more

FEB 18, 2022 - 6:54 am

CIT’s healthcare finance business served as sole lead arranger on two financings totaling $80.7 million for the acquisition of surgical centers in Naples, FL, and Alexandria, LA, by IRA Capital. read more

FEB 17, 2022 - 6:31 am

CIT’s real estate finance division provided financing for the acquisition of the Morada Plano Apartments in Plano, TX. The borrower for the financing is The Jacobson Company, a Los Angeles-based private real estate company. read more

FEB 11, 2022 - 6:07 am

CIT served as sole lender on a $35 million senior secured credit facility for D.P. Nicoli, a provider of trench shoring rental equipment to public utilities, municipalities and contractors in California, Oregon, Washington and Idaho. read more

FEB 3, 2022 - 6:10 am

The power and energy business of CIT, a division of First Citizens Bank, served as lead arranger on $50.5 million in financing to support the construction of Amp Energy’s NY3 assets, a planned portfolio of new community solar installations in New York. read more

JAN 24, 2022 - 5:59 am

The industrial group within CIT’s equipment finance business provided more than $5 million toward the acquisition of 10 pieces of heavy equipment by a construction firm. read more

JAN 21, 2022 - 6:30 am

CIT’s aerospace, defense and government businesses provided financing for seven leased helicopters managed by Thora Capital. The helicopters, which are used for emergency medical transport services, are on long-term lease to Apollo Medflight. read more

JAN 13, 2022 - 5:35 am

First Citizens BancShares, parent company of First Citizens Bank, completed its previously announced merger with CIT. read more

JAN 4, 2022 - 6:30 am

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Vol. 48 No. 3 2021

CIT’s maritime finance business provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping. read more

DEC 29, 2021 - 6:11 am