CIT Franchise Finance Expands Mid-Cap Restaurant Sales Team
September 21 2016 - 8:30AM
Business Wire
CIT Group Inc. (NYSE:CIT), cit.com, a leading provider of
commercial lending and leasing services, today announced that CIT
Franchise Finance added four sales professionals to its Mid-Cap
Restaurant Franchise Finance group.
“These new members of our sales team bring long-standing
experience in the restaurant industry as well as exceptional
reputations among franchisors and franchisees,” says Dan Mahoney,
Senior Vice President, CIT Franchise Finance. “These strategic
appointments further demonstrate our commitment to providing
trusted, best-in-class support to our mid-cap restaurant
clients.”
The new appointments include:
Doug McKenzie, Commercial Sales Leader: McKenzie reports
to Mahoney and will direct the newest members of the sales team.
McKenzie joined CIT in 2013 as the Specialty Finance Leader for CIT
Canada to develop new verticals including the franchise industry
within the Canadian business segment. He has 20 years of experience
in commercial lending, including franchise, commercial real estate,
and aircraft. He holds a Bachelor of Arts, a Master of Business
Administration, and a Master of Arts in International Security
Studies from St. Andrews University.
Chris Jones, Vice President: Jones joins CIT from TD Bank
where he was Vice President of Franchise Finance. He began his
career with GE Capital and has 10 years of experience in Finance,
with five years dedicated to the restaurant segment. He holds a BA
in Business Administration from Ohio University.
Robert Leon, Vice President: Leon is a 20-year veteran in
the franchise restaurant finance industry with a strong
originations track record across multiple brands. Most
recently, he was Marketing Vice President at Pacific Premier
Franchise Capital. He received a BS from the University of Southern
California and an MBA from Loyola Marymount University.
Dave Stansbery, Vice President: Stansbery joins CIT with
23 years of commercial lending experience, including 17 years in
the Franchise industry. He has held various roles at GE Capital,
including Managing Director, and served as Vice President of
Franchise Lending for Signature Financial. He holds a BA in Finance
and Accounting from the University of Washington.
CIT Franchise Finance provides full market coverage for large-,
mid- and small-capitalization finance solutions (from $2,000 to $50
million or more in financing) to restaurant franchisors and
franchisees. It offers innovative, customized restaurant and retail
financing and advisory services, including working capital, growth
capital, acquisitions, debt refinancing, recapitalizations and
restructurings.
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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
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version on businesswire.com: http://www.businesswire.com/news/home/20160921005664/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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