A developer has landed $39 million in construction financing for a new 200-unit apartment complex in Middlesex County, under a newly closed transaction by Procida Funding.
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.
Procida Funding has closed on three loans for nearly $6 million that will support retail centers in Morris, Essex and Hunterdon counties, the Englewood Cliffs-based lender said recently.
A developer is set to restore the historic Metropolitan Opera House in Philadelphia with the help of $58 million in financing arranged by Procida Funding, an Englewood Cliffs-based firm.
A developer has repaid a nearly $70 million construction loan for a Jersey City condominium project, in one of several year-end highlights touted by Procida Funding.
Local officials have approved plans to develop an industrial building at the site of a former chemical factory in Ridgefield, paving the way for a would-be buyer to tap into the booming warehouse and distribution market near the New Jersey Turnpike.
Procida Funding has closed a $3.66 million bridge loan secured by a four-building, mixed-use portfolio across the street from Rutgers University in downtown Newark, the firm announced.