President, CIT Commercial & Industrial Managing Director & Industry Group Head, Retail

Burt Feinberg is President of CIT Commercial & Industrial and serves as Managing Director and Industry Group Head for the Retail Finance group. The group, which he has led for the past four years, is a leading provider of asset-based revolving credit facilities and cash-flow term financings to retailers and restaurants in the United States; in that capacity, it provides acquisition financing for equity sponsors, refinancing and growth financing, as well as DIP and exit facilities to retailers in turnaround situations.

Areas of expertise:

Retail industry

Restaurant industry

Cash-flow and asset-based financing

Distressed/turnaround financing

Feinberg has more than 25 years of experience in corporate finance, leveraged finance, retail finance, equipment finance/leasing and restaurant lending. He has been involved in several billion dollars’ worth of financings in numerous industries. In addition to managing new business activities, he has also managed workouts and securitizations.

Prior to CIT, Feinberg spent seven years with FINOVA Capital Corp., holding various management positions, most recently as business head of FINOVA’s Commercial Equipment Finance and Restaurant/Franchise Lending Divisions. During his last two years at FINOVA, he worked directly for Leucadia National Corporation and Berkshire Hathaway (collectively “Berkadia”), FINOVA’s managing investor, in overseeing a combined loan portfolio of $1.8 billion, which he successfully liquidated in connection with FINOVA’s reorganization. Feinberg holds a bachelor’s degree from the State University of New York at Binghamton and an MBA in Finance from the New York University Stern Graduate School of Business.

-------

Members of the press who have an interest in speaking with this executive can contact curt.ritter@cit.com .