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Asset Based Lending

Our flexible asset-based financing and debt solutions go beyond those offered by traditional banks.

CIT Northbridge Credit

CIT Northbridge Credit (“CIT Northbridge”), through its investment adviser CIT Asset Management LLC, delivers a broad range of flexible asset-based debt solutions backed by years of expertise. CIT Northbridge serves as an alternative lender to traditional banks by providing senior secured asset-based financing solutions to address your financing needs. Revolving- and term-loan commitments may range from $15 million to $150 million. 

Products & services

  • Acquisition financing
  • Bridge financing 
  • Debt restructuring 
  • DIP financing
  • Growth capital 
  • Management buyouts 
  • Recapitalizations 
  • Restructurings 
  • Turnarounds 
  • Working capital

Key areas of focus

  • Asset-based revolving lines of credit and term-loans
  • Asset-based stretch hybrid structures 
  • Delayed-draw capital expenditure loans 

Industries

  • Automotive
  • Consumer products
  • Equipment rental
  • Food products
  • Metals
  • Paper
  • Plastics
  • Staffing
  • Trucking

CIT and Allstate

CIT Northbridge Credit is a joint venture between CIT Bank and Allstate, launched in 2017. The joint venture leverages CIT’s extensive experience in financing, leasing and advisory services as a middle-market bank and Allstate’s investment expertise.

Contact us today

Our team of seasoned professionals has a dependable reputation and proven expertise in structuring, underwriting and managing asset-based financing transactions across multiple industries and asset classes.