CIT Northbridge Credit, as advised by CIT Asset Management, served as sole lead arranger on a $25 million credit facility for F Street Investments, a lender to real estate investors and developers.
Based in Milwaukee, F Street Investments is part of the F Street Group, an investment company that focuses on multiple industry verticals, including real estate, hospitality, lending and emerging markets.
“The housing market has strong fundamentals that should remain attractive for investment and development for years to come,” Scott Lurie, CEO and founder of F Street Group, said. “We appreciated the expertise and agility of the CIT Northbridge team in arranging the financing to support our operations and empower us to continue serving our clients.”
“F Street is an experienced lender to real estate investors and developers throughout the upper Midwest,” Neal Legan, executive officer at CIT Northbridge Credit, said. “We worked closely with the company’s leadership to understand their needs and develop a financing package that advances their business strategy.”