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Cit Serves As Sole Lead Arranger On $24M Financing For Multi-family Property By Mwest Holdings | Benzinga

by benzinga.com posted 8months ago 178 views
CIT Serves as Sole Lead Arranger on $24 Million Financing for Multi-Family Property by MWest Holdings PR Newswire NEW YORK, Oct. 18, 2018 NEW YORK, Oct. 18, 2018 /PRNewswire/ -- CIT Group Inc. (NYSE:CIT) today announced that its Real Estate Finance division  was the sole lead arranger of a $24 million senior secured loan for the acquisition of a multi-family property in San Pedro, California, by MWest Holdings, a private real estate investment and management firm. MWest Holdings acquired the San Pedro Bank Lofts, an 89-unit loft-style multi-family property located in downtown San Pedro, near the San Pedro Arts District, in August.

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