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Posted: December 26, 2011
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.
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