Managing Director, CIT Commercial & Industrial, Retail
Burt Feinberg is Managing Director and Industry Group Head for the Retail Finance group within CIT Commercial & Industrial. The group, which he has led for the past four years, is a leading provider of asset-based revolving credit facilities and cash-flow term financings to retailers and restaurants in the United States; in that capacity, it provides acquisition financing for equity sponsors, refinancing and growth financing, as well as DIP and exit facilities to retailers in turnaround situations.
- Retail industry
- Restaurant industry
- Cash-flow and asset-based financing
- Distressed/turnaround financing
Feinberg has more than 25 years of experience in corporate finance, leveraged finance, retail finance, equipment finance/leasing and restaurant lending. He has been involved in several billion dollars’ worth of financings in numerous industries. In addition to managing new business activities, he has also managed workouts and securitizations.
Prior to CIT, Feinberg spent seven years with FINOVA Capital Corp., holding various management positions, most recently as business head of FINOVA’s Commercial Equipment Finance and Restaurant/Franchise Lending Divisions. During his last two years at FINOVA, he worked directly for Leucadia National Corporation and Berkshire Hathaway (collectively “Berkadia”), FINOVA’s managing investor, in overseeing a combined loan portfolio of $1.8 billion, which he successfully liquidated in connection with FINOVA’s reorganization.
Feinberg holds a bachelor’s degree from the State University of New York at Binghamton and an MBA in Finance from the New York University Stern Graduate School of Business.
