CIT Group Launches Real Estate Finance Unit

CIT Group Launches Real Estate Finance Unit CIT Group Inc., a New York-based provider of financing to small businesses and middle-market companies, has launched CIT Real Estate Finance. The new unit will originate and underwrite senior secured commercial real estate transactions in the Boston, New York City and Washington, D.C., markets.

‘We will provide stabilized, value-add and construction loans in excess of $20 million to highly experienced and well-capitalized developers in the office, retail, industrial and multi-family rental sectors,’ says Matthew E. Galligan (pictured left), executive vice president, who was appointed as group head and who will report to CIT Group Inc. President Nelson J. Chai.

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