WebNov 20, 2024 · example, an asset-based lender might be given priority over the pool of assets that it is primarily lending against – its borrowing base. Or higher- and lower-priority debt might be marketed to different segments of the financial markets, with different expectations and orientations along the risk/reward curve. A lender offers the following loan-to-value ratios for certain assets: A borrower requires a $100,000 loan and owns the following assets: 1. Marketable securities valued at $105,000 2. Accounts receivable valued at $120,000 3. Machinery valued at $250,000 If the borrower is only able to use one asset to secure … See more In asset-based lending, the loan is secured by the assets of the borrower. Examples of assets that can be used to secure a loan include accounts receivable, inventory, marketable securities, and property, plant and … See more Asset-based lending commonly references the loan-to-value ratio. For example, a lender may state “the loan-to-value ratio for this asset-based … See more Asset-based lending offers the following advantages to the borrower: 1. Asset-based loans are easier and quicker to obtain than unsecured loans and lines of credit; 2. Such loans generally include fewer covenants; … See more
CIT Northbridge Credit Adds Lederman as Managing
WebAug 12, 2024 · CIT Group announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $25 million credit facility for F Street Investments LLC, a lender to real estate investors and developers. WebFeb 17, 2024 · --CIT Group Inc. today announced that its Asset-Based Lending business committed to $25 million in financing while serving as joint lead arranger on an asset … soho large animal print logo shoulder bag
CIT Provides $100 Million in Financing for Stonegate Capital
WebSep 22, 2024 · NEW YORK, Sept. 22, 2024 /PRNewswire/ -- CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, provided financing to Mohawk Fine Papers, the largest privately held premium paper manufacturer in North America. WebCIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million on behalf of a commercial finance company serving government contractors. WebFeb 17, 2024 · NEW YORK — Feb. 17, 2024 — CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million on behalf of a commercial finance company serving government contractors. soho language school