A better way to fund your commercial real estate project

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.

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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 Loan Process

ORIGINATIONS

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.

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DUE DILIGENCE

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 modeling), tenant credit analysis, and legal review.

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ASSET MANAGEMENT

Asset Management involves updating the investment files, performing periodic site visits, meeting with the borrower and other professionals, and implementing plans of action.

Procida Funding Loan Terms:

Loan Amount: $1,000,000 to $100,000,000
Loan Types: Bridge Loans, Mezzanine Financing, Equity Financing, Construction Loans, Partnership Interest, Debtor-in-Possession, and Debt Purchases
Geography Investments are made within a 100 mile radius of the George Washington Bridge in New York City
Property Types: Hotels, Industrial, Mixed-Use, Multifamily, Office, Retail, Senior Housing, Specialty (including resorts, golf courses, etc.), and rehabilitation construction resorts
Loan-to-Value: Up to 70%
Duration: 9 – 24 months
Fees: Starting at 1.00%
Recourse: Flexible recourse options
Prepayment: Flexible yield maintenance terms