First Citizens Bank Arranges $44.2MM in Debt Financing for Navios Maritime Partners

First Citizens Bank’s maritime finance business, part of the bank’s CIT division, served as sole lead arranger on $44.2 million in debt financing secured by product tankers for Navios Maritime Partners, which will use proceeds from the financing to refinance existing debt.

January 19, 2023 CIT | Eri Tsironi | Evan Cohen | First Citizens Bank | Navios Maritime Partners Ian Koplin

CIT Provides $27.8MM for Acquisition of Medical Office Buildings in Wichita, KS

The healthcare finance business of CIT provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a surgical hospital and medical office building portfolio located in Wichita, KS.

December 15, 2022 Antonio Minchella | CIT | CIT Healthcare Finance | First Citizens Bank | Kayne Anderson Real Estate | Remedy Medical Properties | Steven Reedy | William Douglass Ian Koplin

CIT and SMBC Provide $85MM in Debt Financing to NineDot Energy

NineDot Energy, a developer of community-scale clean energy projects, closed on a new $85 million construction-to-term debt facility. Provided by CIT and SMBC, the facility supports the construction and operation of 11 battery storage sites.

December 8, 2022 Carlyle | CIT | David Arfin | Juan Kreutz | Mike Lorusso | NineDot Energy | Pooja Goyal | SMBC Ian Koplin

CIT Provides $35MM Revolving Credit Facility to Utopia Deals

The asset-based lending business of CIT, a division of First Citizens Bank, provided a $35 million revolving credit facility to Utopia Deals.

December 7, 2022 Chris Esposito | CIT | Jabran Niaz | Utopia Deals Ian Koplin

CIT Serves as Lead Arranger of $135.6MM Financing for Superior Biologics

CIT’s healthcare finance division served as lead arranger of $135.6 million in financing for Superior Biologics.

December 2, 2022 CIT | David Gibbs | Ray Mirra | Superior Biologics | William Douglass Ian Koplin

CIT Provides $34MM for i.Park and Great Point Media’s Studio Development

CIT’s real estate finance business provided $34 million in financing for a joint venture between i.Park and Great Point Media for the development of Lionsgate Warburton Studios, an entertainment production facility in Yonkers, NY.

November 21, 2022 Chris Niederpruem | CIT | Great Point Media | i.Park | Joseph Cotter Ian Koplin

CIT Arranges $419MM in Financing for Power Generation Facility Acquisition

The power and energy business of CIT, a division of First Citizens Bank, served as lead arranger on $419 million in financing for the acquisition of the Broad River power generation facility in Gaffney, SC.

November 18, 2022 CIT | First Citizens Bank | Mike Lorusso | Onward Energy | Steve Doyon Ian Koplin

CIT Power and Energy Leads Construction Financing for Texas Solar Project

CIT’s power and energy business served as coordinating lead arranger of construction financing for a major new solar energy project in Texas.

November 4, 2022 CIT | Mike Lorusso | Tom Buttgenbach Phil Neuffer

CIT Serves as Lead Arranger of $58.9MM in Financing for Rethink’s Acquisition of Six Micro-Hospitals

The healthcare finance business of CIT, a division of First Citizens Bank, served as lead arranger of $58.9 million in financing for the acquisition of a portfolio of six micro-hospitals. The buyer is a joint venture directed by an affiliate of Rethink Healthcare Real Estate, formerly Seavest Healthcare Properties.

September 28, 2022 CIT | CIT Healthcare Finance | John Winer | Rethink | Steven Reedy | William Douglass Ian Koplin

CIT Supports SK Capital Partners’ Investment in VanDeMark Chemical

The sponsor finance business of CIT, a division of First Citizens Bank, arranged debt financing to support SK Capital Partners’ investment in VanDeMark Chemical in partnership with existing co-owner Comvest Partners.

September 15, 2022 CIT | Kenneth Caffrey | VanDeMark Chemical Ian Koplin