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ENGLEWOOD CLIFFS, NJ-Billy Procida, the iconoclastic private equity lender based here, tells GlobeSt.com his 100 Mile Fund will close out 2013 earning better than a 16% return on capital investments of around $50 million for the year.

Despite banks having become very aggressive again in competing with private capital to provide real estate financing, Procida says, “there are still spots for guys like us” – meaning his seven-person team based in this Bergen County suburb.

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