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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.

About Allstate and the Investments Team

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer, protecting approximately 16 million households from life’s uncertainties through auto, home, life and other insurance. Its investments team manages over $80 billion of the Allstate companies’ investments and has decades of experience pursuing strategies in a broad array of asset classes and geographies in both the public and private markets. For more information on the company’s investments focus, visit www.allstateinvestments.com.

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.