Richard Podos of Lance Capital

What was your most notable project, deal or transaction in 2011? This year Lance Capital structured a unique $44 million tenant improvement loan for a 400,000 s/f Brooklyn office building at 470 Vanderbilt Ave., near Atlantic Yards that marked the beginning of a new trend for the company's financing transactions. We worked with the owners, tenant and lenders to put together a TI (tenant improvement) loan for the NYC's human resources administration that can be amortized over the course of the lease.