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.

CIT Names Robbins President of Asset Management

Philip Robbins joined CIT Group as the president of Asset Management and Capital Markets.

STRONG MARKET TAILWINDS PROMISE BRIGHT FUTURE FOR AVIATION LENDING

For passengers, the thrill of flying has dimmed as we’ve been shoehorned into seats and charged for our in-flight beverages. Yet Jennifer Villa Tennity points out that despite these inconveniences, air travel is still booming. For aviation lenders, this is very good news.

CIT Arranges $60MM Facility for Partners Pharmacy

CIT Group’s Healthcare Finance unit has served as sole lead arranger on a $60 million senior secured credit facility to Partners Pharmacy.

CIT Leads $60MM Financing for Carolina Restaurant Group

CIT Group served as sole lead arranger of a $60 million financing for Carolina Restaurant Group (CRG), operators of 108 Wendy’s restaurant franchises across North Carolina and South Carolina.