Skip links

The 100 Mile Fund is pleased to announce it has provided a $7,000,000 revolving credit facility

The 100 Mile Fund is pleased to announce it has
provided a $7,000,000 revolving credit facility for a $26,500,000 townhome development


Wrenfield 1230 Route 100 North,
Upper Macungie Township, Lehigh County, PA

[gem_table style=”2″ deactivate_responsive=”1″]

LOAN TYPE: Construction Loan
NUMBER OF UNITS: 98 Proposed Townhomes
LOAN AMOUNT: $7,000,000
LOAN TERM: 24 Months with one, six (6) month extension


The loan is being utilized to finance the horizontal construction of 1230 Route 100 North (the “Property”) and subsequent
vertical construction of 98 townhomes. The existing property is a vacant 15.02 acre parcel of land situated between Route
100 North, or PA 100, on the East and single-family homes on the West. The site is within minutes of two of the top three
largest employers in Lehigh Valley – Lehigh Valley Hospital and Air Products, Inc. – and is surrounded by millions of
square feet of Office, Commercial, and Industrial space. The proposed development will consist of 98 market-rate twoand
three-story townhouse units with an approximate average size of 2,264 square feet – based upon a 2018 appraisal’s
determined mix.

The townhouse units will be constructed by Ashley Development Corporation based out of Bethlehem, PA. Founded in
1989, Ashley Development has become a leading real estate development firm known for mixed-use projects in urban
areas and the adaptive re-use of existing structures. In addition to working with a successful and local developer, 100 Mile
Fund’s Fund Manager, William Procida, has a 20+ year working relationship with the borrower, Lou Pektor.

[gem_fullwidth background_parallax=”1″ background_parallax_type=”fixed” container=”1″ padding_top=”60″ padding_bottom=”70″ background_image=”13539″]
Procida Funding provides capital for a wide range of asset classes
[gem_divider margin_top=”-12″][gem_button position=”center” style=”outline” size=”medium” corner=”25″ border=”3″ icon_pack=”elegant” text=”APPLY NOW” text_color=”#ffffff” hover_text_color=”#000000″ hover_background_color=”#ffffff” border_color=”#ffffff” hover_border_color=”#000000″ link=”|||”][gem_divider]
[/gem_fullwidth][gem_divider margin_top=”73″]

Lehigh Valley Cracks Top Five in U.S. for Economic Growth in 2018

Lehigh Valley, Pa., was one of the top five fastest-growing regions with under a million people in the United States last year, and the fastest-growing region of its size in the Northeast U.S. for a third consecutive year.

Social Impact Investing

After the market crash on October 19, 1987, Billy Procida, CEO/President of Procida Funding & Advisors, learned a valuable lesson: cater to the masses you eat with the classes; cater to the classes, you eat with the masses. Using that philosophy, Procida went on to build a highly successful 37-year long career focusing on smart loans that add value to communities and make the world a better place.







Upcoming Events

Fireside Chat

St Thomas Aquinas College
Sparkill, New York
11:30 AM – 12:30 PM

Regional Conference of MBAS

Harrahs Resort, Atlantic City, New Jersey
Sunday, April 7, 2019
10:45 AM – 1:30 PM