CIT LAUNCHES REAL ESTATE FINANCE BUSINESS
CIT LAUNCHED CIT REAL ESTATE FINANCE, which will originate and underwrite senior secured real estate
transactions in the Boston, New York City and Washington, D.C. markets. Matthew E. Galligan, EVP, was
appointed as group head reporting to CIT president Nelson J. Chai.
“CIT Real Estate Finance will offer commercial real estate loans to top tier sponsors and developers
in major cities we know well,” said Galligan. “We will provide stabilized, value-add and construction
loans in excess of $20 million to highly experienced and well-capitalized developers in the office, retail,
industrial and multi-family rental sectors.”
Chai said, “The launch of CIT Real Estate Finance highlights our focus on growth opportunities and
efforts to source and build assets at CIT Bank. The deep relationships and industry expertise of our
team will enable us to capitalize on market conditions while pursuing a conservative approach in middle
market commercial real estate financing.”
Galligan most recently served as managing director and head of U.S. Property Finance for Bank of
Ireland where under his leadership his team negotiated and closed more than 30 transactions totaling
$2 billion. Before joining Bank of Ireland, he served as executive vice president for Real Estate Capital
Markets at DebtX. He also worked for Fleet Boston Financial, Bank of Boston and Chase Manhattan in
executive level positions in credit, real estate lending, debt distribution and capital markets.
The remainder of the CIT Real Estate Finance leadership team includes: Meggan Walsh, managing
director and Christopher Niederpruem, director.
Prior to CIT, Walsh was managing director of U.S. Property Finance for Bank of Ireland where she
was senior marketing person directly responsible for the origination of new construction, acquisition,
subordinate and investment loans for office, retail, residential, rental and condominium properties. Before
Bank of Ireland, she was SVP for the National Real Estate Group at LaSalle Bank. She also worked in
executive level positions for Hypo Bank, Banque Paribas and Chase Manhattan Bank in real estate lending,
valuation, marketing and structuring.
Before CIT, Niederpruem served as director of U.S. Property Finance for Bank of Ireland where he
was responsible for new business origination and loan structuring. Before Bank of Ireland, he worked
for the Commercial Real Estate Banking Group of Anglo Irish Bank in New York where he focused on
underwriting commercial mortgage loans for major U.S. investors and managed a team of analysts. n
United Capital Inks
Financing to Firehouse
Subs Owner
United Capital Business
Lending provided
$405,000 in financing
to Firehouse Subs owner,
Harris Restaurant Group.
United Capital refinanced
one existing store for the
Alabama-based franchisee
and will also provide
funding to open additional
Firehouse Subs locations.
Grant Capital Announces
$49.5MM Lease
Grant Capital announced
a $49.5 million 15-year
debt service/24-month
construction energy
performance contract
lease financing for the
Newark Housing Authority,
which entered into a lease
purchase agreement to
finance the purchase and
installation of capital
equipment that will
upgrade its infrastructure
and reduce energy costs.
United Capital Provides
$3MM to Wingstop
Franchisee
United Capital Business
Lending provided $3
million in financing to
Wingstop owner, CNL
Wings. United Capital
refinanced 17 existing
stores for the Texas-
based franchisee and
will also provide funding
to open additional
Wingstop locations in
Texas and Arizona.
Tech Leasing Industry Vets
Launch Vantage Financial
Vantage Financial
entered into an
agreement to purchase
assets and the corporate
headquarters building
from GCI Capital, an
equipment leasing and
finance company started
in 1990 and located in
Excelsior, MN. Vantage,
led by technology
leasing industry
veterans, Robert Murphy
and William Foudray,
will acquire GCI’s
platform that includes its
employees, systems and
servicing infrastructure.
CSI, Christie Announce
Financing for Digital Cinema
CSI Leasing and Christie
launched a financing
solution in support of
Christie’s Virtual Print Fee
(VPF) program for North
America that provides
a simplified way for
theaters to transition to
digital cinema projection
systems. CSI is providing
a streamlined and
straightforward lease
structure, allowing U.S.
and Canadian movie
exhibitors to easily
implement the VPF
program.
Cat Offers to Acquire
Chinese Mining
Machinery Maker
Caterpillar tendered
a pre-conditional
offer for all of the
issued shares of ERA
Mining Machinery,
a manufacturer of
underground coal
mining equipment in
mainland China.
ATEL Completes
Rail Car Lease With
U. S. Shipper
ATEL Leasing
announced the
purchase and sale-
leaseback financing
of 900 railcars on
lease to one of the
largest privately held
The architects of your
portfolio’s success.
Your blueprint is waiting.
De Lage Landen Outsourcing De Lage Landen’s operational services are experienced professionals supported by state-of-the-art systems
Outsource portfolio management while
maintaining control of key customer
facing impact areas
Earn interest and residual income
while controlling operating costs
and minimizing system risks
Partner with an expert:
outsourcing@delagelanden.com
610 386 5846
www.delagelanden.com/outsourcing
De Lage Landen is a socially responsible company.
