originations
Construction Loan 439 Schuyler Ave Kearny, NJ Multifamily
Construction Loan Amount $20,500,000 MULTIFAMILY PROPERTY 123,938 SF The property is approximately 2 miles from the Harrison Path Station, 3 miles from Newark Penn Station,
Billy Procida
Keynote Speaker Billy Procida At The NJ Mid-Atlantic MBA
Billy Procida started the NJ Mid-Atlantic Conference of Mortgage Bankers and Brokers with a bang at the conference luncheon! Thanks to all who joined us.
Economy
Procida’s Take On The Economy “It’s Not Housing This Time”
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2022
Star Ledger: Investor Made a Big Bet on Paterson. Now It’s Paying off.
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2022
Real estate, the stock market, what I learned in 1987… and what’s changed
In 1981, at 19 my career took off like a rocket ship. I was picked to renovate the old Walt Disney Studio building at 52nd
2022
Top 10 Reasons to Invest
1. Strong Performance History As of December 31, 2021, our annualized net dividend to investors has averaged 12.25% since the Fund’s inception in 2011 with
2021
Procida Recent Loan Payoffs
Located in the heart of Paterson, NJ 185 Broadway is a mixed-use building containing 40 rental units and one retail space. The building, located on
2021
New Loan Origination: Cherry Hill, NJ
LOAN AMOUNT $130,000,000 LOAN TYPE Construction PROPERTY DESCRIPTION 33.82 ACRES • 55+ ACTIVE ADULT COMMUNITY • 16 RESIDENTIAL BUILDINGS • 507 UNITS • 18,500 SF
2021
Nest Micro Apartments Completed & Paid Off
Procida Funding’s $18,500,000 Construction Loan Completes 122-unit Micro-apartment Building In Jersey City “You got people that have invested hundreds of millions of dollars here in
2021
Procida Celebrates 25 Years In Business, $5 Billion Funded, Built, & Fixed
Procida Funding offers construction financing for all asset classes excluding single-family residential. Our team’s experience in the Tri-State area, knowledge of local markets, and background