Many commercial real estate executives see solid prospects for their sector, with 52% indicating that they believe that their segment of the market is either strong or very strong, and 71% say adequate capital is available for investment. These are...
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May 10, 2016, 07:55 AM
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CIT Real Estate Finance provided a $48 million senior secured credit facility to a joint venture between Arun Bhatia Development Organization (ABDO) and Sherwood Equities, Inc. The facility will be used to construct a 16-story building located at 10...
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September 02, 2015, 07:36 AM
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CIT Group announced that CIT Real Estate Finance provided a $36 million senior secured loan to Kushner Companies, a diversified real estate company headquartered in New York City. The facility, which includes an $8 million renovation reserve, will be...
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May 01, 2014, 07:13 AM
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CIT Group announced that CIT Real Estate Finance provided a $26 million senior secured credit facility to redevelop the PGA Plaza Shopping Center, a joint venture headed by Menin Development, a privately held owner, developer and manager of...
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February 05, 2014, 07:50 AM
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CIT Real Estate Finance provided a $33.3 million senior secured loan to Spirit Bascom Ventures, a joint venture between New York-based Spirit Investment Partners and the Irvine, Calif.-based Bascom Group. The facility was used to acquire 2 five-story...
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June 18, 2013, 08:33 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided an $18.2 million senior secured loan to Kushner Companies, a diversified real estate company headquartered in New York City, to acquire and expand four multifamily apartment buildings...
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April 29, 2013, 08:33 AM
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Commercial real estate markets on either coast are outperforming assets in the mid-U.S. because they are home to gateway cities that trade with Asia and Europe. The hottest of these markets right now is the New York metropolitan area, as it’s...
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March 27, 2013, 08:33 AM
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CIT Group, a leading provider of financing to small businesses and middle market companies, announced that CIT Real Estate Finance arranged a $26 million senior secured term loan for Metropolitan Properties of America (MPA), a full-service real...
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January 30, 2013, 08:31 AM
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CIT Real Estate Finance arranged a first lien term loan for Kushner Companies, a diversified real estate company headquartered in New York City. The financing will be used to renovate a 1,000-unit residential apartment complex in the Northeast....
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January 14, 2013, 08:00 AM
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