CIT
CIT Group Inc., established in 1908, is a financial holding company headquartered in New York, providing a wide range of banking and related services. It operates through three segments: Commercial Banking, Transportation Finance, and Consumer and Community Banking. The Commercial Banking segment offers commercial lending, leasing, and deposit products, along with ancillary services like cash management and advisory services, primarily to small and middle-market companies across various industries. It also specializes in factoring, receivable management, and supply chain financing. The Transportation Finance segment focuses on equipment financing and leasing solutions for the transportation sector, including railroads and shippers. The Consumer and Community Banking segment provides retail banking services such as checking, savings, mortgage loans, and payment solutions, with a network of approximately 60 branches in southern California. CIT Group is now a division of First Citizens Bank, offering services through its online bank, BankOnCIT.com.
Past deals in Leasing
MSea Capital
Debt Financing in 2023
MSea Group is a provider of shipping services intended to offer vessel management operations. The company offers its shipping assets chartered and leased to leading commodity traders, energy companies and ship operators. It was founded in 2012 and is headquartered in Saint Helier, United Kingdom.
AerFin
Debt Financing in 2019
AerFin Limited is a provider of aftermarket support solutions for the aviation industry, established in 2010 and headquartered in Caerphilly, United Kingdom. The company specializes in leasing, technical consulting, and the trading and supply of aviation equipment, which includes entire aircraft, engines, and individual components. AerFin offers tailored flight-hour component support solutions and has developed innovative programs for end-of-life management of aircraft and engines. The firm also provides commercial, legal, and technical consultancy services for original equipment manufacturers, lessors, investors, and airlines, covering areas such as new engine selection, residual value analysis, and asset remarketing. With additional locations in Cardiff, Gatwick, Atlanta, Singapore, and Latin America, AerFin aims to help its clients reduce costs while maintaining the quality and technical integrity of their fleets.
Lease Corporation International
Debt Financing in 2019
Lease Corporation International (LCI) is a privately owned aircraft lessor established in 2004. The company specializes in providing leasing services for a diverse range of commercial aircraft and helicopters, catering to airlines, freight carriers, and helicopter operators. LCI has built a substantial portfolio, acquiring aircraft valued at nearly $6 billion. Its clientele includes prominent airlines such as British Airways, Singapore Airlines, and Air France, as well as major helicopter operators like Babcock. LCI offers various advantages to its customers, including no down payment, reduced residual value risk, and flexible asset usage, enabling national flag carriers and other operators to access advanced technology and maintain a competitive edge in the aviation market.
Edward J. Minskoff Equities
Debt Financing in 2017
It has assembled an in-house construction,management and leasing staff that monitors all phases of work each development project. Through the supervision of its in-a house personnel and able to establish a national presence as a full-service real estate company. It extensive experience in all aspects of commercial property and facilities management and provided services for a diversified roster of landlords and tenants.
Direct Capital
Acquisition in 2014
Direct Capital is a financial services provider specializing in small balance loan products and equipment leasing for small and mid-sized businesses across the United States. With over 20 years of experience, the company focuses on delivering fast and accessible capital to help businesses grow and thrive. Their online lending platform offers financing options ranging from 30 days to seven years, catering to a diverse range of industries. In addition to business equipment and technology financing, Direct Capital also provides small-balance loan products tailored for multifamily, commercial, and mixed-use properties. The company has successfully lent $2.25 billion to more than 80,000 businesses, positioning itself as a vital partner in the success of its clients.
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