CIT provides USD 35.9m to finance construction of multi-family building.
BANKING AND CREDIT NEWS-June 25, 2020-CIT provides USD 35.9m to finance construction of multi-family building
(C)2020 M2 COMMUNICATIONS http://www.m2.com
The real estate finance business of CIT Group Inc. (NYSE: CIT) has announced it provided a USD 35.9 million senior secured loan for construction of a new 183-unit apartment building located in Stamford, Connecticut, the company said.
The project is a joint venture between Fields Grade Development and Alpine Residential.
CIT's Real Estate Finance business, part of the Commercial Finance division, originates and underwrites senior secured real estate transactions. With deep market expertise, underwriting experience and industry relationships, the...
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