Professional Services
Procida’s Weissman named president of Builders Association of Northern New Jersey

The Builders Association of Northern New Jersey has appointed Derek Weissman of Procida Funding as its new board president.

Finance & Capital Markets
Procida’s 100 Mile Fund achieves 2022 net income of $11.6 million, 9.5 percent return

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.

Finance & Capital Markets
Procida’s 100 Mile Fund grows to $200 million, cracks $1 billion in originations

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.

Finance & Capital Markets
Progress Capital brokers $6.5 million loan for Toms River office, retail project

Plans for a 40,000-square-foot commercial project in Toms River are moving forward with the help of a $6.5 million construction loan arranged by Progress Capital Advisors.

Finance & Capital Markets
Procida lends $7.65 million for townhome project

Procida Funding LLC has closed a $7.65 million construction loan for a planned 12-unit townhome project in Brooklyn, the Englewood Cliffs-based firm announced.