CIT’s technology, media and telecommunications business served as sole lead arranger and administrative agent on up to $95 million in financing toward the relaunch of Hollywood film production company Castle Rock Entertainment.
CIT’s maritime finance business served as sole lead arranger on $26.5 million in senior secured financing on behalf of Queen Esther Shipping Limited. The loan is secured by the Queen Esther, a modern container ship operated by a joint venture led by Lomar Corporation Limited.
CIT’s real estate finance business served as sole lead arranger on a $41.6 million loan for the acquisition and renovation of The Devonshire Apartments in Hemet, CA.
CIT’s healthcare finance business served as sole lead arranger on a loan of about $43 million to finance the acquisition of a portfolio of medical office buildings in Florida and Arizona.
CIT’s maritime finance business served as sole lead arranger on a $70 million senior secured credit facility for MPC Container Ships, a provider in the feeder container ship market segment.
CIT’s healthcare finance business served as lead arranger on $100 million in financing for Cornerstone Healthcare Group and its long-term acute care hospital division.
Star Mountain Capital closed a $225 million asset-based leverage facility led by ING Capital. The lending group consists of ING, CIT, TIAA Bank, Axos Bank, East West Bank, Georgia Banking Company and Customers Bank.
CIT’s power and energy business served as lead arranger for $68.4 million in financing for the acquisition of Crane Solar, a 150-megawatt solar farm located in Crane County, TX, and an adjacent 25-megawatt battery development.
CIT’s maritime finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a dry bulk shipping operator, will use the loan to refinance existing debt on its fleet of seven Handymax vessels.
CIT’s asset-based lending business served as agent and sole lender on a $20 million loan and revolving credit facility for GEE Group, a provider of professional staffing services and human resources solutions.