Another Improved Asset, Another Successful Borrower!

Camden's Historic RCA Victor World Headquarters
Camden, NJ
Acquisition & Construction Loan

LOAN AMOUNT
$6,750,000

LOAN CLOSED
MARCH 31, 2018

LOAN REPAID
JANUARY 12, 2019

“Over the last several years, I have performed work on several extraordinary historic projects funded by the Procida Team in the Philadelphia region. Led by the hyperkinetic Billy Procida, the team repeatedly admonished us to alert them to unfolding development opportunities.

Procida is an aggressive and creative lender that sees opportunity where others see only unmitigated risk. Accordingly, when I came across the historic Victor Records Building in downtown Camden NJ last year, I immediately reached out to the Procida team.

Their swift reaction and activist participation in the project was critical to success and I was able to make significant improvements and resell the building within 9 months. This was an unconventional project in a challenging zone that also contained seeds of opportunity. The Procida team truly enabled success.

They are certainly not passive players in a project but their activist stance served to push me to be the best that I could be. I tender them my sincere thanks”
Fred Hagen
CEO & President Hagen Construction 

Congratulations to Fred Hagen and Hagen Construction on your success!
100 Mile Fund
100 LOANS ORIGINATED
TOTALING:

$560,396,824

100 LOANS ORIGINATED
TOTALING:

$376,932,397

ANNUALIZED RETURN TO
INVESTORS:

13.13%

The 100 Mile Fund is an open-ended real estate investment vehicle exclusively managed by Procida Funding, LLC.  The Fund provides bridge, construction, mezzanine, and preferred equity financing for value add, distressed, and special opportunistic situations within 100 Miles of New York City.

Upcoming Events:

2019 REFI Institutional Investor Summit
Date: Feb. 7, 2019
Time: 8:30 am- 12:30 am
Essex House, New York, NY

GlobeSt Philadelphia 2019: A RealShare Event
Date: Feb. 13, 2019
Time: 1:00 pm- 6:30 pm
Crystal Tea Room, Philadelphia, PA