Deugen Development has sold a nearly 48,000-square-foot industrial building in East Rutherford, in the culmination of a redevelopment plan that began less than three years ago.
The long-running 100 Mile Fund managed by Procida Funding LLC achieved net income in 2022 of $11.6 million, the firm announced, representing a net return to investors of 9.5 percent.
A developer has completed an upscale active adult condominium complex in Bergen County with the help of a recent $14.5 million construction loan by Procida Funding.
A fund led by real estate industry veteran Billy Procida has doubled in size to $200 million, in a move that comes as it marks more than $1 billion in originations since its founding in 2011.
The developer of a two-building, 240-unit luxury apartment complex in Elmwood Park has secured $48 million in financing, according to a debt placement team with JLL.
Procida Funding & Advisors has originated a $14.5 million construction loan to the developer of an age-restricted condominium property in Bergen County.
The developer of two new apartment buildings in Paterson has secured more than $9.5 million in financing for the projects, in a set of newly completed transactions by Procida Funding.
Procida Funding & Advisors is touting the completion of nearly $135 million in originations in 2019, including a recent loan to help redevelop a historic pier destroyed by Hurricane Sandy.
A fund operated by Procida Funding has surpassed $500 million in loan originations, following the recent closing of a $38 million loan for a higher education project.
