100 Mile’s extensive underwriting practices and active asset management have led to a 12% net annualized return, $1.1B in originations since inception, and $669M in repaid loans.

2011

Founded

$1.1B+

Loans Originated
Since Inception

$669M

Loan Principal Repaid
Since Inception

12.3%

Annualized Rate of Return
Since Inception

Ocean Club, Seaside Heights, NJ

$10M Construction Loan

Paris Square, Northvale, NJ

$14M Construction Loan

INVEST IN THE
100 MILE FUND - A PRIVATE REIT

Founded in 2011, 100 Mile Fund (“100 Mile”) is a premier, externally managed commercial mortgage REIT

  • Product Focus: construction and bridge loans with capabilities to do mezzanine, equity, and others
  • Collateral: primarily multifamily; also has retail, industrial, boutique hospitality, and others
  • Geographic Focus: NJ, PA, CT, NY
  • Since inception, 100 Mile Fund has achieved an annualized return of 12.3% (1)
  • During the COVID-19 pandemic, 100 Mile registered record loan repayments and originations in 2020-21
  • On more than $1.1B of lifetime originations, the Company has only experienced 1 loss on loan principal (~$200K)
  • 100 Mile structures each deal to maximize capital efficiency
  • Has partnerships and pari-passu participations with multiple banks and institutional investors to diversify their funding base and allow them to be competitive on larger loans/projects
Procida Funding, 100 Mile’s fund manager, has been successfully underwriting and servicing commercial real estate loans since 1995 and advised many prominent financial services firms including William Procida, President and CEO, is a renowned NYC-area real estate investor and developer with numerous industry accolades

Procida Funding and 100 Mile Fund Milestones

1995
Business Expansion

William Procida starts Procida Funding and Advisors to provide funding and advice for commercial real estate projects

1998
Business Milestone

William Procida wins New York Mortgage Bankers Association’s “Man of the Year” award

2011
Business Expansion

100 Mile Fund is established under the management of Procida Funding

2016
Business Milestone

Won Real Estate Finance & Investment Magazine awards for “Top Specialty Fund” and “Non-Bank Lender of the Year”

2017
Business Milestone

William Procida awarded Rockland Business Association’s “Citizen of the Year”

2020
Business Milestone

Procida Funding reaches $5B funded, fixed, and built

2020-2021
Business Milestone

William Procida named in NJ BIZ “Commercial Real Estate Power 50” for 2 years straight

2021
Business Expansion

100 Mile Fund shareholders vote to expand the size of the fund from $100M to $200M

2022
Business Milestone

100 Mile Fund tops $1B in Originations

SBRE Investment Summit

William Procida Speaking at Fairway America’s SBRE Investment Summit. The event provides information gleaned from two decades of experience running pooled investment funds in the SBRE space.

Invest In The 100 Mile Fund

* The offering is only available to “accredited investors” as defined under Rule 501(a) of the Securities Act and each Investor will be required to provide the Fund Manager with such information as the Fund Manager shall require to permit the Fund Manager to verify the Investor’s status as an accredited investor. Each Investor must acquire at least one whole Unit for a purchase price of $200,000 per Unit (and integral multiple thereof), although the Fund Manager may permit the purchase of fractional Units in its sole discretion. There is no minimum amount of Units that the Fund must accept to close on any subscription. The Fund shall remain open for such period of time as the Fund Manager determines in its sole discretion. The Fund began admitting investors on October 1, 2011. The Fund Manager may accept or reject subscriptions for Units, in whole or in part, in the Fund Manager’s sole discretion.