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Author: procida funding

Procida Funding’s $8,750,000 Bridge Loan Paid off with Conventional Financing

Procida Funding’s $8,750,000 Bridge Loan Paid off with Conventional Financing

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Englewood Cliffs, NJ – Procida Funding provided an $8,750,000 loan to Sleepy Hollow Holdings, LLC in February 2019 for the acquisition of and capital expenditures on a 70-unit mixed-use multifamily portfolio in Sleepy Hollow, NY. Thanks to strong tenant interest, improved units, and a quality
SBA Publishes PPP Loan Forgiveness Application and Advice

SBA Publishes PPP Loan Forgiveness Application and Advice

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SBA Publishes PPP Loan Forgiveness Application and Advice For those who have received Paycheck Protection Program (PPP) loans, the process to get them forgiven may seem daunting. Fortunately, on May 15, 2020, the Small Business Administration (SBA) published the application for loan forgiveness of PPP
Strategizing to Navigate COVID-19 & Its Aftermath

Strategizing to Navigate COVID-19 & Its Aftermath

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At Procida Funding & Advisors, we regularly speak with senior management when they’re under pressure. Acquisitions, turnarounds, and hyper growth are situations that we navigate frequently and with great detail. The impact of COVID-19 has thrown the entire economic environment into unprecedented territory. All conversations