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CIT Serves as Sole Lead Arranger on $27 Million Financing for Florida Warehouse and Distribution Center


CIT Serves as Sole Lead Arranger on $27 Million Financing for Florida Warehouse and Distribution Center
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NEW YORK, April 8, 2021 /PRNewswire/ CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business served as sole lead arranger on a $27 million loan to finance acquisition of a warehouse and distribution center in Green Cove Springs, Florida.
The facility, located about 40 miles south of downtown Jacksonville, Florida, and close to the First Coast Expressway, consists of about 782,000 square feet of warehouse and distribution space, including about 209,000 square feet of refrigerated space. The property was acquired by an entity managed by PKY Special Situations LLC and will be managed by Parkway Property Investments. ....

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Concerns raised as Nido investors canvassed about adding in more money


Concerns raised as Nido investors canvassed about adding in more money
8 Apr, 2021 05:00 PM
6 minutes to read
Magsons, trading under the Nido brand, collapsed into receivership on Friday. Video / Will Trafford
Investors who poured money into a scheme used to fund development of the failed Nido homeware store in West Auckland have been asked if they are willing to commit more funds in order to retain
ownership of the building.
This comes as fresh concerns are raised about the original investment scheme that saw retail investors contribute around half of the $62 million raised for the project.
The Nido store was built on land paid for with $30m raised by Maat Consulting through a proportional share ownership scheme and $25m of debt from Pearlfisher Capital, a non-bank lender half owned by investment bank Jarden. ....

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