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

CIT’s healthcare finance business served as sole lead arranger of $34 million to refinance the Enclaves at Chandler, a senior housing community in Chandler, AZ. read more

DEC 17, 2021 - 5:53 am

CIT’s middle market banking business provided $6.3 million to refinance corporate office properties for Diamond Communications. CIT’s refinancing involves term loans for corporate office properties in Springfield, NJ, and Delray Beach, FL. read more

DEC 16, 2021 - 6:51 am

CIT’s capital equipment finance business hired Thomas Linebarger and Scott Ryan as business development directors and promoted Erick Berreondo to business development director. read more

DEC 8, 2021 - 6:22 am

CIT’s power and energy business led the refinancing of a $69 million portfolio of solar facilities owned and operated by Strata Clean Energy, an integrated solar and storage energy service provider based in North Carolina. read more

DEC 3, 2021 - 5:57 am

CIT’s maritime finance business arranged to provide up to $58 million to refinance four container ships operated by Leonhardt & Blumberg. The financing includes both term loan and delayed draw components. read more

NOV 9, 2021 - 6:27 am

CIT’s healthcare finance business served as sole lead arranger on $55.5 million in financing for New Day Healthcare. The financing consists of a senior secured loan, a delayed draw term loan and a revolving line of credit. read more

NOV 5, 2021 - 6:26 am

CIT’s maritime finance business is providing $70 million in financing to Maritime Asset Partners for the refinancing of Sterling, which owns and operates 11 Handysize dry bulk vessels, a majority of which were previously financed by CIT. read more

NOV 2, 2021 - 6:49 am