| *Category Ranking | ||||
| Company: | CIT Group, Inc. | |||
| Address: | 505 Fifth Ave. | |||
| City: | New York | |||
| State: | NY | |||
| Zip: | 10017 | |||
| Phone: | 2127710505 | |||
| Fax: | 2124615780 | |||
| Email: | peter.davidson@cit.com | |||
| Website: | http://cre.cit.com | |||
| Key Executive | ||||
| 1. Name: | Tim Zietara | |||
| Title: | Managing Director | |||
| 2. Name: | ||||
| Title: | ||||
| 3. Name: | ||||
| Title: | ||||
| 4. Name: | ||||
| Title: | ||||
| *Number of Offices: | 4 | 18 | ||
| *Number of Employees: | 37 (real estate related) | 25 | ||
| *Gross Revenues Fiscal Year 2006: | 174.6 million | 14 | ||
| *Projected Revenues Fiscal Year 2007: | 200.4 million | 7 | ||
| Selected Areas of Specialization: | First mortgage loans, interim/bridge loans, subordinated mortgage financing, mezzanine loans, sale-leaseback financing, construction financing, land loans, preferred equity | |||
| Company Overview: | Founded in 1908, CIT has had an unyielding focus on financial solutions for nearly 100 years. Financial solutions benefit from expertise, knowledge and creativity to help clients meet their strategic goals and tap unrealized potential. As a Fortune 500 company and member of the S&P 500, CIT provides financial solutions for more than 80 percent of the Fortune 1000. The CIT Commercial Real Estate Group is comprised of seasoned professionals with extensive experience in all aspects of the real estate finance business, including investment banking, real estate lending and structured finance, real estate capital markets, portfolio management, development and consulting services. CIT CRE actively originates transactions for real estate owners and developers seeking capital and sound financial advice from its industry experts. CIT CRE partners with CIT’s many specialized businesses to allow clients to benefit from the intellectual and financial capital of the Company’s worldwide network. | |||
| *Total Number of Financing Transactions Arranged or Committed in 2006: |
950 | 7 | ||
| *Total Value of Financing Transactions Arranged or Committed in 2006: |
1.1 billion | 24 | ||
| Percentage by Financing Type: | ||||
| Public Debt: | 0 % | |||
| Private Debt: | 92 % | |||
| Public Equity: | 0 % | |||
| Private Equity: | 8 % | |||
| Hybrid: | 0 % | |||
| Value by Financing Type: | ||||
| Public Debt: | . | |||
| Private Debt: | 1.0 billion | |||
| Public Equity: | . | |||
| Private Equity: | 80.0 | |||
| Hybrid: | . | |||
| Percentage by Property Type: | ||||
| Office: | 16 % | |||
| Industrial: | 9 % | |||
| Retail: | 22 % | |||
| Apartments: | 19 % | |||
| Hotels: | 15 % | |||
| Other: | 19 % | |||
| (Please specify) | healthcare, JV commitments, specialty assets (such as condo hotels) | |||
| Percentage by Geographic Area | ||||
| Northeast: | 20 % | |||
| Southeast: | 31 % | |||
| Midwest: | 31 % | |||
| Southwest: | 31 % | |||
| West: | 31 % | |||
| International: | 31 % | |||
| Percentage by Rate Types: | ||||
| Fixed: | 25 % | |||
| Floating: | 75 % | |||
| Interest-Only: | 65 % | |||
| Percentage by Loan Types: | ||||
| CMBS: | % | |||
| Construction: | % | |||
| Mezzanine: | % | |||
| Permanent: | % | |||
| Bridge: | % | |||
| Raw Score: | 95 |
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Key Executive
CIT Group, Inc.
Tim Zietara
Managing Director
2006 Gross Revenues: $ 174.6 million
2007 Projected Revenues: $200.4 million
Number of Transactions: 950
2006 Transaction Value: $ 1.1 billion
Number of Offices: 4
Number of Employees: 37 (real estate related)
Tim Zietara
Managing Director
2006 Gross Revenues: $ 174.6 million
2007 Projected Revenues: $200.4 million
Number of Transactions: 950
2006 Transaction Value: $ 1.1 billion
Number of Offices: 4
Number of Employees: 37 (real estate related)
Contact Information
| Address | 505 Fifth Ave. |
| City | New York |
| State | NY |
| Zip | 10017 |
| Phone | 2127710505 |
| peter.davidson@cit.com | |
| Fax | 2124615780 |
| Web | http://cre.cit.com |