Procida Funding provides capital for a wide range of asset classes in the eastern region of the US, with a concentration in the New York metropolitan area. We utilize both our own capital and that of our strategic partners, which includes private equity funds and institutional lenders. Our experience as a borrower and developer provides us with keen insight into how to be a creative and responsible lender and investor.

Financial Products:

• Bridge Loans
• Mezzanine
• Equity
• Construction Finance
• Partnership Interest
• Permanent Financing
• Debt in Possession
• Debt Purchases

The investment process has three phases: Originations, Due Diligence, and Asset Management.

• Originations
• Due Diligence
• Asset Management

Originations start with sourcing new business opportunities through Procida’s vast list of contacts, including investment property owners, developers, mortgage brokers, bankers, attorneys, and other professionals. Then, an initial screening, the data compiling and evaluation phase begins. The deal is priced, term sheets are issued, negotiated, and a deposit is made. From here, a monthly prospecting report can be formulated.

Due Diligence is our process of following up, and ensuring that the transaction will be mutually beneficial. We begin by researching and underwriting the transaction, focusing on physical property condition, investment return analysis (cash flow modelling), tenant credit analysis, and legal review. We then acquire and review this data combined with third party reports in order to negotiate closing documents. Lastly, we close the transaction - but the process doesn’t end here.

Asset Management involves updating the investment files, performing periodic site visits, meeting with the borrower and other professionals, and implementing plans of action. This final phase continues throughout the loan period and focuses on risk management. We work with our borrowers to ensure that they are able to make loan payments.