Procida closes $9.5 million in loans for Paterson multifamily projects

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 closes $52.5 million construction loan for 214-unit Hudson County project

A planned 214-unit apartment development in North Bergen is moving ahead with the help of a newly announced, $52.5 million construction loan by Procida Funding.

Investor lands long-term financing, repays $8.75 million loan from Procida

A borrower has repaid an $8.75 million loan to Procida Funding after securing long-term financing for an eight-building, mixed-use portfolio in Sleepy Hollow, New York.

Procida inks $39 million construction loan for 200-unit Middlesex project

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.

Procida fund tops $500 million in loan originations

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 finances three retail centers for $5.86 million

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.

Procida: $58 million funding deal spurs Philadelphia opera house rehab

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.

Procida touts $69 million construction loan in Jersey City among 2017 highlights

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.

Ridgefield OKs plans for 254,000 sq. ft. industrial building

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.

Mixed-use portfolio in Newark secures $3.7 million bridge loan, Procida says

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.