A group of this year’s Monitor NextGen Leaders share their ideas for improving the equipment finance industry. They believe that by embracing creativity over tradition and coming together to learn from each other’s digital transformation experiences, members of the equipment finance industry can create a customer-obsessed space that attracts the innovative young talent needed for the industry’s next chapter.... read more

Vol. 48 No. 3 2021

CIT’s power and energy business served as lead arranger for $68.4 million in financing for the acquisition of Crane Solar, a 150-megawatt solar farm located in Crane County, TX, and an adjacent 25-megawatt battery development. read more

JUL 14, 2021 - 6:16 am

The Equipment Leasing and Finance Association released a detailed agenda for Emergence2021 LIVE!, a virtual leadership program to be held on July 14 for emerging talent in the equipment finance industry. read more

JUL 1, 2021 - 6:48 am

CIT’s maritime finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a dry bulk shipping operator, will use the loan to refinance existing debt on its fleet of seven Handymax vessels. read more

JUN 25, 2021 - 6:41 am

CIT’s real estate finance business provided $42.8 million in financing for the acquisition of an apartment complex in Tampa, FL. read more

JUN 18, 2021 - 6:11 am

CIT’s healthcare finance business served as sole lead arranger on a $33.2 million loan to finance the acquisition of a medical office building in Brooklyn, NY. read more

JUN 16, 2021 - 6:26 am

CIT’s power and energy business served as coordinating lead arranger for approximately $200 million in financing for the 149-megawatt Big River solar power project in White County, IL. read more

MAY 28, 2021 - 6:47 am

CIT hired Blake Goddard as a business development officer for its asset-based lending business. Goddard will be based in Atlanta and focus on asset-based lending business development across the Southeast. read more

MAY 20, 2021 - 6:36 am

M&A activity almost came to a halt in 2020, but 2021 has kicked off with a flurry of activity. James Jackson reviews the notable transactions of the last year and says future economic indicators point to continued M&A activity in 2021 as well as strong valuations of quality equipment finance companies.... read more

May 2021

CIT’s maritime finance business served as sole lead arranger on $34.25 million in financing for a portfolio of six dry bulk vessels. CIT arranged the financing on behalf of Globus Maritime Limited. read more

MAY 13, 2021 - 6:35 am

CIT named Christopher DeRosa a business development officer in the West Coast office of its commercial services business. DeRosa will focus on business development across a range of verticals supported by CIT’s commercial services business. read more

MAY 12, 2021 - 6:17 am

CIT’s maritime finance business served as sole lead arranger on a $22 million financing for a portfolio of five container ships. CIT arranged the financing on behalf of Madison Marine. read more

MAY 11, 2021 - 6:24 am

CIT’s healthcare finance business served as sole lead arranger on a $17.4 million loan to finance the acquisition of a portfolio of three medical office buildings in Bakersfield, CA. read more

MAY 7, 2021 - 6:23 am

CIT Group won two Stevie Awards for business excellence in the 19th Annual American Business Awards. The awards included a Gold award for Company of the Year in Banking and a Silver award for Corporate Social Responsibility Program of the Year. read more

MAY 5, 2021 - 6:29 am

iCleanse, a provider of UV-C personal device disinfection, joined forces with CIT to provide low-interest financing on all iCleanse disinfection products. read more

MAY 3, 2021 - 6:49 am