CIT’s healthcare finance business served as sole lead arranger of senior debt financing totaling $48 million for the acquisition of a portfolio of medical office buildings. The borrower is the joint venture between Kayne Anderson Real Estate and Remedy Medical Properties.
CIT’s healthcare finance group arranged a $75 million senior secured asset-based credit facility for One Call Corporation, a Jacksonville, FL-based service provider to the workers’ compensation industry.
CIT Group’s healthcare finance business served as the sole lead arranger on a $39 million loan for the acquisition of the North Hills Health Center in Menominee Falls, WI, by private equity firm IRA Capital.
CIT Group’s healthcare finance group provided a $20 million senior secured credit facility for Protech Home Medical, a home medical equipment industry focused on end-to-end respiratory care.
CIT’s healthcare finance unit provided a $25 million loan supporting Seavest Healthcare Properties’ acquisition of the MLK Community Hospital Medical Office Building in Los Angeles.
CIT Group’s healthcare finance unit served as the sole lead arranger on a $21 million acquisition financing for a portfolio of medical facilities in Texas by Ridgeline Capital Partners.
CIT Group’s Healthcare Finance business served as sole lead arranger for a $64 million loan to refinance assisted living facilities in Florida.
CIT Group’s Healthcare Finance unit served as joint lead arranger and administrative agent on a first-lien credit facility to support for Pritzker Private Capital’s acquisition of KabaFusion, a provider of acute and specialty home infusion services.
CIT Group’s Healthcare Finance business provided a $65 million senior secured credit facility to QMES, a distributor of durable medical equipment to patients in the Northeast.
CIT Group announced it appointed William Douglass group head and managing director of CIT Corporate Finance, Healthcare, effective immediately.