CIT Provides $30MM for Arizona Apartment Complex Acquisition

CIT’s real estate finance business provided $30 million for the acquisition of Madison Grove Apartments, a 171-unit multi-family complex located in the north Phoenix area, by Brass Enterprises.

May 19, 2022 Aryeh Berger | Brass Enterprises | Chris Niederpruem | CIT Ian Koplin

CIT Arranges $714MM for Thermal Generation Assets Managed by Middle River Power

CIT’s power and energy business served as coordinating lead arranger on $714 million in financing for a portfolio of thermal generation assets in California. The proceeds will be used to refinance a 1.8-gigawatt portfolio managed by Middle River Power.

May 12, 2022 CIT | Middle River Power | Mike Lorusso Ian Koplin

CIT Leads Syndicate of Lenders Providing $375MM Credit Facility to Origis Energy

Origis Energy, a renewable energy platform, closed a $375 million credit facility for its solar and energy storage development project pipeline.

May 5, 2022 Antin Infrastructure Partners | CIT | Deutsche Bank | HSBC | Kevin Genieser | Mike Lorusso | Nomura | Origis Energy | Rabobank | Santander Ian Koplin

CIT Names Smith Business Development Officer for Capital Equipment Finance

CIT’s capital equipment finance business named Eric Smith a business development officer for the western region. Smith has more than 25 years of experience developing equipment-based financial solutions across a range of industries and financial sales.

April 18, 2022 CIT | Eric Smith | Kevin Ronan Ian Koplin

CIT Provides $37.2MM in Financing to Aminim Group for Distribution Facility

CIT’s real estate finance business provided a $37.2 million loan to Aminim Group to finance the acquisition of a bulk distribution facility in Pittsburgh.

April 14, 2022 Aminim Group | Apexus Logistics | Chris Niederpruem | CIT | First Citizens Bank | Medgluv | Nir Kriel Ian Koplin

CIT Appoints Black Managing Director and Group Head for Lender Finance

CIT appointed Geoff Black to the position of managing director and group head for the lender finance business within its business capital division. Black joined CIT in 2006 and, in his most recent role, he was responsible for originating and growing relationships.

April 12, 2022 CIT | Geoff Black | Mike Jones Ian Koplin

CIT Names New Business Development Leaders and Team Leader in Commercial Services

CIT hired Howard Moore and Paul Pagano as business development directors in the Northeast and promoted Michael Rayner to director and team leader in the West for its commercial services business.

April 7, 2022 CIT | Darrin Beer | Howard Moore | Michael Rayner | Paul Pagano | Tom Fingleton Ian Koplin

CIT Arranges Financing for Kenneth Cole Productions

CIT’s asset-based lending business served as lead arranger on financing for Kenneth Cole Productions, a men’s and women’s fashion brand.

April 6, 2022 Andrew Stokoe | Chris Esposito | CIT | Kenneth Cole Productions | WhiteHawk Capital Partners Ian Koplin

CIT Provides $35.6MM for Acquisition of Massachusetts Residential Complexes

CIT’s real estate finance business provided $35.6 million for the acquisition of two multifamily residential properties in the North Shore area of Massachusetts. The name of the borrower was not disclosed.

April 1, 2022 Chris Niederpruem | CIT Ian Koplin

CIT Launches New Golf and Turf Equipment Leasing and Financing Vertical

CIT, a division of First Citizens Bank, launched a new lending and leasing vertical focused on financing fleet golf cars, turf (grounds care) equipment, utility vehicles and similar equipment. Shawn Foy will lead the new vertical.

March 25, 2022 CIT | First Citizens Bank | Ken Martin | Mike Jones | Shawn Foy Ian Koplin