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CIT has provided $35.6 million for the acquisition of multifamily properties the Heights at Haverhill in Haverhill, MA and the Thorndike Exchange in Lowell, MA.

CIT Provides $36M for Acquisition of Two North Shore Residential Complexes

CIT, a division of First Citizens Bank, has provided $35.6 million for the acquisition of two multifamily residential properties in the North Shore area of MA.

The Heights at Haverhill, located in Haverhill, MA, and the Thorndike Exchange in nearby Lowell, MA, comprise 107 residential rental units with accompanying office and retail space on the ground floor.

The name of the borrower was not disclosed.

Photo, l-r: Heights at Haverhill, Thorndike Exchange

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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  • ◦Financing
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