CIT Provides Financing for Kushner Companies
CIT Real Estate Finance provided an $18.2 million senior secured loan to Kushner Companies, a diversified real estate company headquartered in New York City.
CIT Real Estate Finance provided an $18.2 million senior secured loan to Kushner Companies, a diversified real estate company headquartered in New York City.
Although today’s economic environment leaves many middle- and lower middle-market companies struggling to secure capital, it allows asset-based lenders to develop creative strategies and identify overlooked areas of opportunity to realize considerable returns, while enabling access to liquidity for these businesses.
Somewhat encouraging numbers from this past holiday shopping season are lending good news to the overall economy, as consumer confidence strengthens and retail stocks tick upward. But the modest gains shouldn’t be interpreted as a rebound for the fractured retail industry, which will continue to face losses and a substantial transformation as it sweeps up the mess.