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CIT Arranges $10.1 Million Loan for Nebraska Office Building
February 10, 2021 GMT
(PRNewsfoto/CIT Group Inc.)
NEW YORK, Feb. 10, 2021 /PRNewswire/ CIT Group Inc. (NYSE: CIT) today announced that its Middle Market Banking business arranged $10.1 million in financing for construction of a new owner-occupied office building in Fremont, Nebraska.
The borrower, WLG Fremont LLC, will use the financing to construct a 54,000-square-foot office building to serve as the new headquarters for RTG Medical, a veteran-owned healthcare staffing agency supporting medical facilities nationwide.
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In connection with the financing, CIT is also providing a package of treasury management and capital markets services. The project is being developed under the federal New Markets Tax Credit Program with Chase Community Equity, Chase New Markets Corporation, Hampton Roads Ventures, Massachusetts H