Tag : Real Estate Finance

First Citizens Bank Provides $42 Million for Development of New Studio Facilities in Yonkers, NY
Banking Finance News

First Citizens Bank Provides $42 Million for Development of New Studio Facilities in Yonkers, NY

PR Newswire
by PR Newswire0
First Citizens Bank announced that its Real Estate Finance business, a division of CIT, provided $42.2 million in financing to a joint venture between National Resources and Great Point Media for the development of 1050 North Broadway, a new entertainment production facility 100% pre-leased to MediaPro Studios, located in Yonkers, New York. The new......
First Citizens Bank Provides $48 Million for Acquisition of Florida Apartment Community
Banking News

First Citizens Bank Provides $48 Million for Acquisition of Florida Apartment Community

PR Newswire
by PR Newswire0
First Citizens Bank announced that its Real Estate Finance group, part of the CIT division, provided a $48 million senior secured loan to finance the acquisition of the Dunson Grove apartment community in Davenport, Florida. The property consists of 18 three-story buildings comprising 319 residential units. Located in a suburb of Orlando, Florida, the apartment......
PNC Expands Its Environmental Finance Pledge to $30 Billion
Banking Finance News

PNC Expands Its Environmental Finance Pledge to $30 Billion

Fintech News Desk
by Fintech News Desk0
Focused on green buildings, renewable energy and clean transportation, commitment deepens the bank’s support of clients transitioning to a low-carbon economy The PNC Financial Services Group, Inc. announced the expansion of its environmental finance commitment to $30 billion. The bank initially announced in August 2021 a commitment of $20 billion over five years in......
Quinlan Development Group and GTIS Partners Announce Opportunity Zone Joint Venture for Brooklyn
Investment Services News

Quinlan Development Group and GTIS Partners Announce Opportunity Zone Joint Venture for Brooklyn

Fintech News Desk
by Fintech News Desk0
Quinlan Development Group (“QDG”), a multi-generational real estate investment company with a track record of developing over 3.5 million square feet of real estate and over one billion dollars of assets currently under management, and GTIS Partners (“GTIS”), a global real estate investment firm that manages approximately $4.3 billion in real estate with a......
CIT Provides $51 Million for Acquisition of Arizona Apartment Complex
Finance News

CIT Provides $51 Million for Acquisition of Arizona Apartment Complex

Fintech News Desk
by Fintech News Desk0
CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided $51 million in financing for the acquisition of the Oceana Apartments in Avondale, Arizona. Oceana Apartments, which was acquired by 29th Street Capital, consists of 240 one-bedroom, two-bedroom and three-bedroom units. Based in Chicago, 29th Street Capital is a leading......
CIT Provides $28.2 Million in Financing for California Apartment Complex Development
Finance News

CIT Provides $28.2 Million in Financing for California Apartment Complex Development

Fintech News Desk
by Fintech News Desk0
CIT Group Inc. announced that its Real Estate Finance business provided $28.2 million in financing for construction of the Via Del Lago apartments in the Moreno Valley region of Greater Los Angeles. Via Del Lago is planned as a 135-unit multifamily apartment complex in the attractive Rancho Belago real estate submarket. Amenities in the complex will include a swimming......
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