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CIT Serves as Sole Lead Arranger on $48 Million Portfolio Financing of Medical Office Buildings


Press release content from PR Newswire. The AP news staff was not involved in its creation.
CIT Serves as Sole Lead Arranger on $48 Million Portfolio Financing of Medical Office Buildings
January 27, 2021 GMT
(PRNewsfoto/CIT Group Inc.)
NEW YORK, Jan. 27, 2021 /PRNewswire/ CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger of senior debt financing aggregating $48 million for the acquisition of a portfolio of medical office buildings.
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The borrower is a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties. The portfolio properties are located in four states and collectively total more than 189,000 square feet. They include: ....

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