CIT Supports Acquisition of Plano Office Building

CIT Group’s Real Estate Finance unit provided $36.2 million in financing for the acquisition of Park Center, a 97% leased, multi-tenant office building in Plano, TX.

Bolo to Lead CIT Group Southeast Business Development

CIT Group has named Rob Bolo as director for the Southeast region for its Capital Equipment Finance division.

Shah Joins CIT TMT Group as Director of Originations

CIT Group has appointed Mihir J. Shah as director of technology originations in its Technology, Media and Telecommunications business

CIT Supply Chain Finance Unit Expands Capabilities

CIT Group’s Supply Chain Finance unit, part of its Commercial Services division, is expanding its capabilities, including the implementation of a new cloud-based supply chain finance platform.

CIT Arranges $87MM Financing for Storage Rentals of America Recap

CIT Group’s Real Estate Finance unit served as lead arranger on $87 million in financing for a portfolio of Storage Rentals of America self-storage facilities.

CIT Hires McElyea to Lead Merchant and Card Initiative

Bob McElyea has joined CIT Group as managing director leading CIT’s Merchant and Card Initiative in the Treasury and Payment Services group.

CIT Names Bagatelle Head/Relationship Commercial Banking

David S. Bagatelle has joined CIT as a managing director and will lead the relationship commercial banking activity in the Eastern region.

CIT Leads $140MM Financing for Lotus Solar Farm

CIT Group’s Power and Energy business served as coordinating lead arranger for $140 million in debt financing to support construction of Lotus Solar Farm,

CIT Leads $34MM Financing for Assisted Living Facility

CIT Group’s Healthcare Finance unit served as sole lead arranger on a $34 million financing for the Delaney, an assisted living facility in Richmond, TX,

CIT Names Harnisch President of Commercial Finance

David Harnisch will join CIT Group as president of Commercial Finance, succeeding Jim Hudak who has elected to retire.