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CIT Provides $6.3MM Financing to Diamond Communications

December 16, 2021, 07:47 AM
Filed Under: Communications

CIT Group's Middle Market Banking business provided $6.3 million to refinance corporate office properties for Diamond Communications LLC.
Diamond Communications is one of the largest private wireless infrastructure companies in the U.S., managing over 290,000 properties and structures across the country. CIT's refinancing involves term loans for corporate office properties in Springfield, New Jersey, and in Delray Beach, Florida.

"Diamond Communications has flourished as one of the nation's top full-service wireless infrastructure providers," said Steven Stuckey, managing director and group head for CIT's Middle Market Banking business. "We were glad to support them with this latest financing and look forward to additional opportunities to work together in the future."

Middle Market Banking, part of CIT's Commercial Finance division, delivers a range of financial solutions to midsize clients through a relationship banking model. The business offers deposit solutions, loans, treasury services and other banking products to manufacturers, distributors and a wide variety of service industries.

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