Procida FUNDING

NON-BANK LENDER OF THE YEAR AWARD

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.

The Process

We utilize both our own capital and that of our strategic partners, which includes private equity funds and institutional lenders.

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.

FINANCIAL PRODUCTS

Procida Funding offers short-term financing, with terms that range from 9 to 24 months, for both distressed and opportunistic borrowers. The benefit of our products are flexibility, speed, and decades of expertise. Procida helps borrowers “bridge the gap” to securing permanent financing and/or a variety of exit strategies.

Procida Funding offers construction financing with terms that range from 9 to 24 months for all asset classes excluding single-family residential. Our team’s experience in the Tri-State area, knowledge of local markets, and background in construction offers hands-on lending that is unparalleled in the industry.

Procida Funding is a debt buyer that will purchase delinquent, distressed, or bankrupt real estate assets or loans at an appropriately priced discount.

Debtor-in-Possession (DIP) financing is available only for those borrowers in distressed financial positions and in bankruptcy. Procida Funding has a history of reorganization of DIPs borrowers and companies with distressed real estate in bankruptcy.

Procida Funding offers mezzanine financing as either a subordinated debt or preferred equity product with flexible loan terms. The financing is coupled with the contribution of our advisory services that support the business plan and strategy of the borrower. Our team offers a service above and beyond simply financing your project.

Procida Funding offers financing for buyouts of partnership interest in real estate assets and advisory services to resolve partnership disputes. Our advisory and financing team will actively work with a client to address disputes deriving from property maintenance, defaults, asset disposition, strategic planning, and restructuring. The Procida team specializes in maximizing a property’s value for each individual client.

Procida Funding offers both fixed and floating long-term loans with terms between 7 to 25 years for stabilized commercial real estate assets. Our terms are flexible and determined on a loan-by-loan basis to suit each borrower’s needs.

Procida Funding provides capital for a wide range of asset classes

HISTORICAL DEALS

Current Portfolio

Tower Real Estate Holdings, LLC
Hackensack, NJ

Loan Type: Refinance
Total Loan: $3,365,000

306 West 148th Street, LLC
New York, NY

Loan Type: Construction
Total Loan: $5,225,000

140 Overlook, LLC
Hackensack, NJ

Loan Type: Construction
Total Loan: $2,000,000

38 Lexington Avenue, LLC
Brooklyn, NY

Loan Type: Construction
Total Loan: $7,650,000

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Holy Ghost I, LP
Philadelphia, PA

Loan Type: Convertible Note
Total Loan: $56,000,000

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Millennial Place, LLC
Camden, NJ

Loan Type: Acquisition
Total Loan: $6,750,000

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The Art Factory
Paterson, NJ

Loan Type: Debt Consolidation
Total Loan: $12,500,000

Middlesex Residential Urban Renewal, LLC
Middlesex, NJ

Loan Type: Construction
Total Loan: $9,200,000.00

Paid Loans

GullsCove-358x136

Gulls Cove II
Jersey City, NJ

Loan Type: Construction
Total Loan: $68,500,000

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Divine Lorraine Hotel, LP
Philadelphia, PA

Loan Type: Construction
Total Loan: $34,750,000

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10 Boulevard, LLC
Beacon, NY

Loan Type: Construction
Total Loan: $3,150,000

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Sugar Magnolia 570
Englewood Cliffs, NJ

Loan Type: Distressed Debt Buy
Total Loan: $4,200,000

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Mural Arts Lofts
Philadelphia, PA

Loan Type: Construction
Total Loan: $16,011,324

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Pfister Chemical, Inc.
Ridgefield, NJ

Loan Type: Pre-development
Total Loan: $8,750,000

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306 West 148th Street, LLC
New York, NY

Loan Type: Construction
Total Loan: $5,225,000

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Nobility Crest at Dover, LLC
Toms River, NJ

Loan Type: Construction
Total Loan: $7,000,000

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Tower Real Estate Holdings, LLC
Hackensack, NJ

Loan Type: Refinance
Total Loan: $3,365,000

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306 West 148th Street, LLC
New York, NY

Loan Type: Construction
Total Loan: $5,225,000

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140 Overlook, LLC
Hackensack, NJ

Loan Type: Construction
Total Loan: $2,000,000

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Arbor Hill Garden Center, LLC
Sparkill, NY

Loan Type: Refinance
Total Loan: $125,000

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38 Lexington Avenue, LLC
Brooklyn, NY

Loan Type: Construction
Total Loan: $7,650,000

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Holy Ghost I, LP
Philadelphia, PA

Loan Type: Convertible Note
Total Loan: $56,000,000

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Middlesex Residential Urban Renewal LLC
Middlesex, NJ

Loan Type: Bridge
Total Loan: $9,200,000

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John’s Family
Newark, NJ

Loan Type: Refinance
Total Loan: $3,760,000

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The Club, Inc.
Jersey City, NJ

Loan Type: Refinance
Total Loan: $1,420,000

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GARFCO Urban Renewal, Corp.
Paterson, NJ

Loan Type: Refinance
Total Loan: $740,000

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1922 Hooper, LLC
Toms River, NY

Loan Type: Construction
Total Loan: $6,500,000

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Bhumi Real Estate, LLC
West Orange, NJ

Loan Type: Refinance
Total Loan: $2,130,000

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Long Valley Real Estate, LLC
Morris County, NJ

Loan Type: Refinance
Total Loan: $3,250,000

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French Town, Inc.
Frenchtown, NJ

Loan Type: Refinance
Total Loan: $480,000

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Millennial Place, LLC
Camden, NJ

Loan Type: Acquisition
Total Loan: $6,750,000

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Nyack College
Nyack, NY

Loan Type: Debt Consolidation
Total Loan: $38,500,000

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Mural West Owner, LP
Philadelphia, PA

Loan Type: Preferred Equity
Total Loan: $7,288,543

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Tuschak-Jacobson, Inc.
Franklin Park, NJ

Loan Type: Refinance
Total Loan: $7,550,000

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Vincent Portfolio
Irvington, NJ

Loan Type: Refinance
Total Loan: $1,400,000

The art factory Paterson NJ

The Art Factory
Paterson, NJ

Loan Type: Debt Consolidation
Total Loan: $12,500,000

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Hobby Lobby Marine
Toms River, NJ

Loan Type: Debt Consolidation
Total Loan: $1,750,000

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Fiesta Banquets
Wood-Ridge, NJ

Loan Type: Refinance and Rehabilitation
Total Loan: $7,000,000

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THS Properties LLC
Kenilworth, NJ

Loan Type: Bridge
Total Loan: $3,000,000

2

309 Indian Trail Drive
Franklin Lakes, NJ

Loan Type: Distressed Debt Buy
Total Loan: $1,535,000

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Strategy Place Co-ops
New York, NY

Loan Type: Bridge
Total Loan: $1,350,000

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Belle Harbor 127, LLC
Queens, NY

Loan Type: Construction
Total Loan: $1,000,000

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Divine Lorraine Hotel, LP
Philadelphia, PA

Loan Type: Construction
Total Loan: $34,750,000

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677 North Broad Associates, LLC
Philadelphia, PA

Loan Type: Construction
Total Loan: $3,315,000

Picture7

Abbotts Resurrection, LP
Philadelphia, PA

Loan Type: Construction
Total Loan: $2,700,000

Picture8

Pfister Chemical, Inc.
Ridgefield, NJ

Loan Type: Pre-development
Total Loan: $8,750,000

Picture9

10 Boulevard, LLC
Beacon, NY

Loan Type: Construction
Total Loan: $3,150,000

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Marjac, LLC
West Orange, NJ

Loan Type: Bridge
Total Loan: $3,750,000

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Sycamore AA, LLC
Brooklyn, NY

Loan Type: Acquisition
Total Loan: $1,150,000

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4200-02 Chester Associates, LLC
Philadelphia, PA

Loan Type: Refinance
Total Loan: $1,200,000

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Naval Crest Associates I, LLC
Middlesex, NJ

Loan Type: Predevelopment
Total Loan: $1,900,000

Schroeder Entities
Westwood, NJ

Total Loan: $3,475,000
Loan Type: Distressed Debt Buy

JCM Investors #5
Paterson, NJ

Total Loan: $1,560,000
Loan Type Fix & Flip

JCM Investors #6
Paterson, NJ

Total Loan: $2,650,000
Loan Type: Fix & Flip

JCM Investors #7
Paterson, NJ

Total Loan: $1,027,120
Loan Type: Fix & Flip

Mia Homes
Fort Lee, NJ

$500,000
Fix & Flip

Individual Realty
Brooklyn, NY

$1,950,000
Bridge/Refinance

Grace Arnow Properties
Bronx, NY

$3,725,000
Half Built Debt Buy

Alvarez Properties
East Orange, NJ

$17,500,000
DPO/Bridge

Redev Group
Franklin Township, NJ

$3,340,000
DPO/Construction

River Park Estates
North Bergen, NJ

$3,500,000
DPO/Construction

Salem Dickerson Associates
Randolph, NJ

$2,350,000
Bridge

DTAK Realty
Freehold, NJ

$7,000,000
DPO/Construction

Sunshine Properties
Union City, NJ

$3,600,000
DPO/Construction

Loman Properties
Parsippany, NJ

$750,000
Bridge

Ladera LLC.
Harlem, NY

$10,000,000
Predevelopment/Bridge

Showba Holdings
Westwood, NJ

$750,000
Debt/Buy

SugarMill Development
Philadelphia, PA

$13,500,000
DPO/Bridge

City Island Reserve
City Island, NY

$5,500,000
Construction

190 Hands Creek
Hamptons, NY

$1,615,000
Bridge

Sycamore AA, LLC
Brooklyn, NY

$1,150,000
Acquisition

Florio Enterprise #2
Paterson, NJ

$1,200,000
Fix & Flip

520 Palisades
Jersey City, NJ

$5,200,000
Bridge

JCM Investors 1012
Paterson, NJ

$2,600,000
Fix & Flip

Summit Animal Hospital
Summit, NJ

$1,315,000
Bridge

Nobility Crest Brick
Brick, NJ

$3,500,000
Construction

1150 Hendricks Causeway
Ridgefield, NJ

$554,000
Bridge

1860 Springfield Ave
Maplewood, NJ

$3,850,000
Construction

Alliance Physical Therapy
Lodi, NJ

$3,725,000
Bridge

Rockbourne Investments
Clifton Heights, PA

$4,300,000
Bridge

One Main Street Partners
Eatontown, NJ

$1,750,000
Bridge

Sugar Magnolia 570
Englewood Cliffs, NJ

$4,200,000
Distressed Debt Buy

Nobility Crest Mixed Use
Toms River, NJ

$8,800,000
Construction

Shree Realty Management
Bayonne, NJ

$1,000,000
Bridge

125 Bell Harbor
Queens, NY

$7,700,000
DPO/Construction

MASBA New Rochelle
New Rochelle, NY

$2,125,000
Bridge

Kirkbride Medical Center
Philadelphia, PA

$13,000,000
DPO/Bridge

The Time Hotel
Nyack, NJ

$14,753,811
Construction

AMG Elton Hotel
Bronx, NY

$3,800,000
Construction

Delta Gas Station
Englewood, NJ

$1,105,704
Construction

Spring Street Realty
Elizabeth, NJ

$2,270,000
Bridge

Mace Brothers Inc.
Kearny, NJ

$1,150,000
Bridge

Mural Arts Lofts
Philadelphia, PA

$16,011,324
Construction

Spring Valley Housing
Spring Valley, NY

$1,500,000
Bridge

185 Industrial Ave
Ridgefield Park, NJ

$1,500,000
Acquisition

Hudson Valley Brewery
Beacon, NY

$2,925,000
Construction

Florio Enterprise #4
Paterson, NJ

$3,375,000
Construction

Zadies Daycare
East Orange, NJ

$3,500,000
Acquisition

Supor Industrials
Harrison, NJ

$12,800,000
Bridge

Marjac, LLC
West Orange, NJ

$3,750,000
Bridge

Romano & Son Tile
Lodi, NJ

$1,350,000
Bridge

Florio Enterprises #5
Paterson, NJ

$3,375,000
Construction

DBC Becker Portfolio
Philadelphia, PA

$3,600,000
Bridge

Beacon Main Street Theater
Beacon, NY

$4,400,000
Construction

1 East Main Street
Beacon, NY

$7,160,000
Construction

Gulls Cove II
Jersey City, NJ

$68,500,000
Construction

THS Properties LLC
Kenilworth, NJ

$3,000,000
Bridge

309 Indian Trail Drive
Franklin Lakes, NJ

$2,500,000
Distressed Debt Buy

Strategy Place Co-ops
New York, NY

$1,350,000
Bridge

Belle Harbor 127, LLC
Queens, NY

$1,000,000
Construction

Divine Lorraine Hotel, LP
Philadelphia, PA

$34,750,000
Construction

677 North Broad Associates
Philadelphia, PA

$3,315,000
Construction

Abbotts Resurrection, LP
Philadelphia, PA

$2,700,000
Construction

Pfister Chemical, Inc.
Ridgefield, NJ

$8,750,000
Pre-development

10 Boulevard, LLC
Beacon, NY

$3,150,000
Construction

Address

570 Sylvan Avenue
Englewood Cliffs, NJ 07632United States

PHONES

Phone: +1 (201) 871-1177
Fax: +1 (201) 871-1101

CONTACTS

info@procida.com

WORKING HOURS

Monday-Friday: 9:00 AM – 5:30 PM
Saturday: Closed
Sunday: Closed