CIT Group Inc. announced that its Real Estate Finance division has provided acquisition financing for Nashville City Center, a 27-story office tower in downtown Nashville, Tennessee.

The property, which is being acquired by CapRidge Partners, is located in Nashville’s central business district across the street from the Tennessee Performing Arts Center and close to the Bridgestone Arena, the new Nashville Yards development and numerous dining and entertainment options.

“We were pleased to arrange financing for the acquisition of this notable office property in Nashville, which is a vibrant market for commercial properties,” said Chris Niederpruem, managing director and Eastern group head for CIT's Real Estate Finance division. "This transaction is another demonstration of the value that CIT's financing capabilities provide for real estate investors and developers."

CIT's Real Estate Finance division originates and underwrites senior secured real estate transactions. With deep market expertise, underwriting experience and industry relationships, the unit provides financing for single properties, property portfolios and loan portfolios.