Veteran developer and real estate investor Billy Procida has taken control of a key parcel in Cherry Hill, where plans call for 283 homes as part of the redevelopment of the former Garden State Park racetrack.
We typically lend on construction and distressed assets up to $150MM. We have a strong sense of complicated construction projects and work with clients to navigate subsidy programs and value engineering.
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.
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.
A well-known family development firm is nearing completion of a 214-unit apartment complex in North Bergen, in what will be its first project with a second generation at the helm.
Procida Funding & Advisors has originated a $14.5 million construction loan to the developer of an age-restricted condominium property in Bergen County.
Procida Funding & Advisors has unveiled a new consulting and services platform for clients such as developers, financial institutions and private equity funds.
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.
