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

CIT Provides $50.8MM to Seavest Healthcare Properties

CIT’s healthcare finance business provided $50.8 million to Seavest Healthcare Properties for the refinancing of Providence Family Wellness Center and Medical Office building.

September 14, 2022 CIT | John Winer | Steve Reedy | William Douglass Ian Koplin

CIT Provides $10MM Financing to Blue Sky Specialty Pharmacy

The asset-based lending business of CIT, a division of First Citizens Bank, provided $10 million in financing to Blue Sky Specialty Pharmacy.

September 9, 2022 Blue Sky Specialty Pharmacy | Brendan Chambers | CIT | Matt Walsh Ian Koplin

CIT Increases Financing for FOX Rehabilitation by $50MM

CIT and its healthcare finance business increased its existing credit facilities for FOX Rehabilitation by $50 million for a total financing of $172.3 million.

August 31, 2022 CIT | Dr. Robyn Kjar | FOX Rehabilitation | William Douglass | William Duke Ian Koplin

CIT Increases Lending Facility for Fashion Company to $100MM

CIT Commercial Services, a subsidiary of First Citizens Bank, increased a New York-based fashion company’s discretionary lending facility to $100 million to support the acquisition of an entity that specializes in children’s apparel.

August 4, 2022 CIT | CIT Commercial Services | First Citizens Bank | Tim Fingleton Ian Koplin

CIT Northbridge Credit Adds Lederman as Managing Director for Business Development

CIT named Randy Lederman a managing director for business development activities across the Northeast for CIT Northbridge Credit. Based in New York, Lederman will be responsible for sourcing new asset-based loan opportunities from $15 million to $150 million.

July 27, 2022 CIT | CIT Asset Management | CIT Northbridge Credit | Neal Legan | Randy Lederman Ian Koplin

CIT Arranges $88MM in Financing for Texas Battery Storage System

CIT’s power and energy business arranged $88 million in financing for a 173-megawatt standalone merchant battery storage facility in Texas. Siemens Financial Services participated as joint lead arranger in the financing.

July 22, 2022 CIT | Marc Atlas | Mike Lorusso | Wolf Tank Storage Ian Koplin

First Citizens Bank Completes Conversion of OneWest Bank

First Citizens Bank completed its conversion from OneWest Bank to First Citizens’ operations and systems division. This conversion integrates OneWest Bank customer accounts into First Citizens products and services.

July 19, 2022 CIT | First Citizens Bank | Frank B. Holding Jr. | OneWest Bank Ian Koplin

CIT Hires Samuels as Business Development Officer

CIT, a division of First Citizens Bank, hired Geoffrey Samuels as a business development officer in its Asset-Based Lending business.

July 13, 2022 Asset Based Lending | Chris Esposito | CIT | First Citizens Bank | Geoffrey Samuels Rita Garwood