Cit Serves As Sole Lender Of $39.6 Million Financing For Industrial Facility In Baltimore, Maryland

Mar 03, 2022•over 3 years ago

Amount Raised

$39.6 Million

Raleigh

Description

CIT, a division of First Citizens Bank, today announced that its Real Estate Finance business served as sole lead arranger on a $39.6 million loan to an affiliate of Clarion Partners to finance the acquisition and development of Southside Logistics Center, an industrial facility in Baltimore, Maryland.

Company Information

Company

Cit

Location

Raleigh, North Carolina, United States

About

CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). CIT's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Cit Serves As Sole Lender Of $39.6 Million Financing For Industrial Facility In Baltimore, Maryland

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Funding Insights

Company Information