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Author: procida funding

Why Furloughed Developments May Need Modifications

Why Furloughed Developments May Need Modifications

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Why Furloughed Developments May Need ModificationsIn the face of the coronavirus crisis, investors are well advised to review project budgets, assess capital sources and stay ready to adjust their strategy, notes Derek Weissman of Procida Funding & Advisors. By Derek Weissman Multifamily developers may wish
Apply Now for the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) – SBA Loan

Apply Now for the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) – SBA Loan

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Apply Now for the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) – SBA Loan The Payment Protection Program, according to the CARES Act, will be overseen by the US Small Business Administration (SBA). The SBA, through its lending partners, will deploy about $350
Last Friday’s episode of Billyball on the Crisis the Virus the Economy and What to do now

Last Friday’s episode of Billyball on the Crisis the Virus the Economy and What to do now

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All of us at Procida Funding hope you and your family are safe and healthy. Attached is the most recent BillyBall episode from last Friday addressing the current situation as well my August 2019 episode warning that a black swan was coming that would shake
Procida Funding Launches New Advisory Platform

Procida Funding Launches New Advisory Platform

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The 25-year-old commercial real estate financing and advisory services firm now provides an array of services from due diligence to asset management services, restructuring, crisis management for developers, financial institutions and private equity funds with a concentration on development, construction, bankruptcy, restructuring and marketing. By
Procida Would Like To Congratulate Long Time Client Double Rock Development

Procida Would Like To Congratulate Long Time Client Double Rock Development

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Procida Would Like To Congratulate Long Time Client, Double Rock Development, On Another Successful ProjectOver $100 Million Funded With This Partnership Since 1998 Looking Forward To Future Deals "Procida comes through again! Procida recognizes value in relationships. I am a proud client for over 20
New Jersey Reed: Real Estate & Economic Development Forecast

New Jersey Reed: Real Estate & Economic Development Forecast

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REGISTER LEARN MORE FEATURED SPEAKER:BILLY PROCIDA President/CEO, Procida Funding & Advisors William “Billy” Procida Founded Procida Funding and Advisors in 1995 and has financed, fixed and built over 3 billion dollars of buildings and companies. Procida manages the 100 Mile Fund which provides financing for
Procida Completes Over $134 Million in Financing for in 2019

Procida Completes Over $134 Million in Financing for in 2019

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Procida Funding & Advisors Completes Over $134 Million in Financing for Diverse CRE Asset Classes in 2019 December Produces a Flurry of Activity for the 25-Year-Old Company ENGLEWOOD CLIFFS, N.J., Jan. 16, 2020 – Procida Funding & Advisors (Procida), a N.J.-based commercial real estate financing
2019 Recap Funding

2019 Recap Funding

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2019 HIGHLIGHT DEALS King of Prussia, PA Industrial Portfolio $6,150,000 Loan Type: Debt Consolidation Middlessex, NJ Multi-family $39,000,000 Loan Type: Construction Seaside Heights, NJ Entertainment Retail $10,000,000 Loan Type: Construction Sleepy Hollow, NY Mixed-use Portfolio $8,750,000 Loan Type: Bridge Upper Macungie, PA Townhome Development $7,000,000