First Citizens Bank announced that its Real Estate Finance group, part of the CIT division, provided a $48 million senior secured loan to finance the acquisition of the Dunson Grove apartment community in Davenport, Florida. The property consists of...
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April 20, 2023, 07:40 AM
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CIT, a division of First Citizens Bank, has added seasoned real estate pro Ted Dalton as a Managing Director in its Real Estate Finance group. Dalton is based in New York and will operate as a senior relationship manager driving new business...
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June 08, 2022, 07:30 AM
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CIT Group's Real Estate Finance business served as sole lead arranger on a $26 million loan for the acquisition of a three-building portfolio of industrial buildings in West Palm Beach, Florida. The properties comprise nearly 200,000 square feet of...
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August 25, 2021, 07:28 AM
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CIT Group's Real Estate Finance business provided $35.7 million in financing for the construction of a new 17-story multifamily development in the Clinton Hill section of Brooklyn. The building, which will house 138 mixed-income rental units, is...
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May 14, 2021, 07:44 AM
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CIT Group Inc. announced its Real Estate Finance business served as administrative agent for an $87 million loan to finance construction of a new logistics warehouse and storage facility adjacent to John F. Kennedy International Airport in Queens, NY...
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January 27, 2020, 08:55 AM
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CIT Group Inc. announced that its Real Estate Finance division has provided acquisition financing for Nashville City Center, a 27-story office tower in downtown Nashville, Tennessee.
The property, which is being acquired by CapRidge Partners, is...
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March 13, 2019, 08:00 AM
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CIT Group Inc. announced that its Real Estate Finance division provided $31 million in financing toward the acquisition and renovation of a multifamily building in Miami, Florida. The property is being acquired through a joint venture between Mill...
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January 09, 2019, 07:05 AM
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CIT Group Inc. announced that its Real Estate Finance division was the sole lead arranger of a $24 million senior secured loan for the acquisition of a multi-family property in San Pedro, California, by MWest Holdings, a private real estate...
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October 19, 2018, 08:00 AM
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CIT Group Inc. announced that its Real Estate Finance division was the sole lead arranger of a $107.5 million senior-secured construction loan for a new 333-unit multifamily residential development planned for Downtown Oakland, Calif.
The project...
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May 23, 2018, 07:13 AM
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CIT Group announced that its Real Estate Finance business provided a $60 million senior secured construction loan to Edward J. Minskoff Equities, Inc. (Minskoff Equities), a privately held real estate investment and development firm. Proceeds from...
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August 16, 2017, 07:13 AM
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CIT Group Inc. announced that CIT Real Estate Finance served as Co-Arranger and Administrative Agent for a $65 million senior secured credit facility to a joint venture between Extell Development Company and Parkland Group. The financing supports the...
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January 06, 2017, 07:35 AM
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CIT Group announced that CIT Real Estate Finance provided a $40.2 million senior secured credit facility to BKM Capital Partners, an Irvine, CA, based real estate investment firm specializing in commercial and industrial real estate. The financing...
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July 13, 2016, 07:14 AM
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CIT Group Inc. announced CIT Real Estate Finance served as sole lead arranger for a $65 million senior secured construction loan for MC 19 East Houston LLC, a joint venture between Madison Capital and Vornado Realty Trust, two real estate industry...
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July 07, 2016, 07:24 AM
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A period with ample sources of capital, very low cap rates and high valuations has set the stage for commercial real estate in 2016, but the impact of coming regulations is yet to be factored in. Nonetheless, as long as there are only gradual...
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June 09, 2016, 07:17 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided a $35 million senior secured mortgage loan to a special purpose entity controlled by The Bascom Group, an owner/operator of multifamily properties, and funds managed by Oaktree Capital...
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May 27, 2016, 07:48 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided a $44.7 million senior secured loan to Garrison Investment Group, a leading middle market asset-based and real estate investor. The loan is secured by a portfolio of 11 shopping centers...
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July 09, 2015, 07:51 AM
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CIT Real Estate Finance provided a $20.1 million senior secured construction loan to Chicago-based Bridge Development Partners, a privately owned commercial real estate firm that develops and acquires industrial and office assets in Illinois, New...
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June 19, 2015, 07:17 AM
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CIT Group announced that CIT Real Estate Finance provided a $41 million senior secured credit facility to Menin Development, a privately held owner, developer and manager of commercial real estate in the Southeast United States. Menin Development...
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May 19, 2015, 07:28 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided a $57.5 million senior secured loan to a joint venture between RedSky Capital LLC, JZ Capital Partners and other investors to acquire property along the Brooklyn waterfront. The site...
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May 05, 2015, 07:51 AM
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CIT Real Estate Finance provided a $44.8 million senior secured term loan to a joint venture between The Treeline Companies, Mega Contracting and Glenmont Capital Management, LLC. The financing will be used to develop a new 7-story...
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March 10, 2015, 07:04 AM
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CIT Group announced that CIT Real Estate Finance provided a loan to Hillwood Investment Properties, a real estate development firm. The financing will be used to develop Trade Center 83, a 1.2 million-square-foot Class A warehouse/distribution center...
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December 18, 2014, 07:19 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided a $32.9 million senior secured loan to a real estate joint venture between AEW Capital Management (AEW) and Woodmont Industrial Partners. AEW owns the property on behalf of AEW Partners...
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November 11, 2014, 07:19 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided a $55 million senior secured loan to MIM-Hayden Real Estate Fund I, LP, an investment fund sponsored by Hayden Real Estate Investments and Miller Investment Management. The financing was...
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November 05, 2014, 06:49 AM
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CIT Group announced that CIT Real Estate Finance provided a $60 million senior secured credit facility to a joint venture between Rockwood Capital and The Muller Company, two real estate investment firms. Financing was provided by CIT Bank, the U.S....
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August 07, 2014, 07:10 AM
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CIT Group announced that CIT Real Estate Finance provided a $21.5 million senior secured loan to Normandy Real Estate Partners, a leading real estate operator and fund manager based in Morristown, NJ. Financing was provided by CIT Bank, the U.S....
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July 10, 2014, 07:22 AM
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CIT Group Inc. announced that CIT Real Estate Finance served as lead arranger for a $42.8 million senior secured loan to Garrison Investment Group, a leading middle-market, asset-based and real estate investor located in New York City. The loan is...
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February 14, 2014, 07:16 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided a $33 million senior secured credit facility to Exeter Property Group, a real estate private equity firm that acquires, develops, and manages commercial properties across the U.S. The...
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December 19, 2013, 07:39 AM
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Middle-market commercial real estate executives are expressing cautious optimism toward the market and are looking to take advantage of long-term investment opportunities. However, the majority are finding that the current tax and regulatory climate...
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December 13, 2013, 09:05 AM
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CIT Group Inc. announced that it arranged a $62 million senior secured credit facility to Exeter Property Group, a real estate private equity firm that acquires, develops, and manages commercial properties across the U.S. The facility will be used to...
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August 22, 2013, 08:34 AM
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CIT Group announced that it provided a $42 million senior secured loan to Garrison Investment Group, a leading middle market credit, asset-based and real estate investor located in New York City. The facility will be used to purchase seven community...
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July 09, 2013, 08:32 AM
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CIT Group announced that it provided a senior secured loan to Garrison Investment Group, a leading middle-market credit, asset based and real estate investor located in New York City. The loan is secured by 12 recently acquired community and...
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February 19, 2013, 08:30 AM
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