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Share Name | Share Symbol | Market | Type |
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CIT Group Inc | NYSE:CIT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 53.50 | 0 | 01:00:00 |
CIT Executive Insights Video Features Matt Galligan, President, CIT Real Estate Finance
A period with ample sources of capital, very low cap rates and high valuations has set the stage for commercial real estate in 2016, but the impact of coming regulations is yet to be factored in. Nonetheless, as long as there are only gradual increases in interest rates and continued modest increases in employment, the commercial real estate market should operate smoothly. These are some of the observations presented by Matt Galligan, President, CIT Real Estate Finance, a division of CIT Group Inc. (NYSE:CIT), cit.com, a leading provider of commercial lending and leasing services, in “Regulatory Uncertainty Impacts Commercial Real Estate” (cit.com/galligan), the latest piece of market intelligence in the CIT Executive Insights video series.
“Collateralized Mortgage Backed Securities — one major source of capital — are now bracing for two new regulations that take effect in the fourth quarter,” said Galligan. “The market is struggling to interpret the specifics of these regulations. Alternatively, on a positive note, employment growth has been smooth and steady, which is a great thing for real estate.”
Some of the other commercial real estate trends Galligan discusses include:
EDITOR’S NOTE:
CIT thought leadership content can be found at the Knowledge Center on CIT.com (cit.com/knowledgecenter) and our CIT Point of View blog (cit.com/pov). View our corporate video (cit.com/corporatevideo) and follow us on Twitter, LinkedIn, YouTube and Facebook. Register to receive press releases at cit.com/newsalerts.
About CIT
Founded in 1908, CIT (NYSE:CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across a wide variety of industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. cit.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20160608005270/en/
CIT MEDIA RELATIONS:Matt Klein, 973-597-2020Director, Media RelationsMatt.Klein@cit.comorCIT INVESTOR RELATIONS:Barbara Callahan, 973-740-5058Senior Vice PresidentBarbara.Callahan@cit.com
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