Camden's Historic RCA Victor World Headquarters
Acquisition & Construction Loan
MARCH 31, 2018
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”
CEO & President Hagen Construction
To Learn More About This Deal
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.