In an effort to become a key player in the lease financing market, the Teachers Insurance and Annuity Association established a lease financing team in its securities division.
The new team, headed by Managing Director Nancy Freund Heller, will specialize in providing flexible long-term fixed rate financing on the debt portion of leveraged leases for corporations in a range of industries.
The unit will make loans of $10 million to $100 million or more. Investments will be held by TIAA's $85 billion general account.
