CIT said it provided $15.5 million in financing to Cole Real Estate Investments to support the purchase of 21 properties with Wendy’s restaurants in three domestic markets.
Mid-market execs are expressing renewed optimism in their business prospects compared to a year ago, despite concerns regarding potential tax increases and government regulations, according to a study released by CIT.
Although middle-market executives report moving ahead with transitions to cloud-based systems, many organizations face unexpected hurdles that prevent the cloud from fully delivering on its promises, according to a new study released by CIT.
CIT said it arranged a $100 million senior secured credit facility for AWCC Holdings to acquire a portfolio of land leases and lease royalties from solar projects from Hawaii to New York.
CIT said it has appointed Israel “Izzy” Kaufman as executive vice president, treasurer effective immediately. He will report directly to chief financial officer Scott T. Parker.
Southern Theatres announced that it acquired Movie Tavern. GE Capital, Webster Bank, Capital One and CIT are providing financing for the transaction.
Forbes notes in a recent article on CIT that after it took $2 billion in TARP funds and subsequently went bankrupt, it mounted a “stunning turnaround” after hiring John Thain to “clean up the mess.”