Procida’s Advisory Platform Announces Noteworthy First Half

Accesswire

ENGLEWOOD CLIFFS, NJ, September 3, 2013 - (ACCESSWIRE) - Procida Funding & Advisors, LLC, a leading commercial real estate investment bank and advisory firm, announced their 1st half activities for 2013. Procida Funding & Advisors provides a broad range of services including due diligence, asset management, asset dispositions, capital placement and general corporate advisory services. The firm has serviced over 100 clients involving several billion of assets since 1995.

Procida's highlights for 2013 included;

-Macquarie Investments: Acted as advisor to Macquarie Investments, one of the Australia's largest banks to provide a comprehensive review on the American Dream Meadowlands project, a retail and entertainment complex located in the Meadowlands Sports Complex in East Rutherford, New Jersey

-Congress Companies: Acted as investment banker and advisor for Congress Companies on the placement of $15,000,000 of conventional financing for Forest Manor nursing home located in Hope, NJ.

-Kamson Corp: Acted as advisor to Kamson Corp, one of New Jersey's most prominent multifamily owner/operator and developer of super estates.

-Vanick Properties: Acted as investment banker and advisor to Vanick Properties on the disposition and refinancing of a $100,000,000 of retail assets located throughout New Jersey and Pennsylvania

-Ironstone Village Center, LLC: Acted as advisor / stand by lender on the restructuring of $6,000,000 of senior debt which achieved a discounted payoff of $2,000,000 on Ironstone Village Center in Medford, NJ.

-Old River Road, LLC: Acted as advisor / stand by lender on the restructuring of $5,500,000 of debt secured by properties in Hoboken and North Bergen, New Jersey achieving a $1,000,000 discount for its client.

Procida Funding, LLC through its 100 Mile Fund provides bridge, mezzanine and equity capital to the real estate industry and middle market companies. Since 1995, the Firm has completed over $2 billion dollars of transactions ranging from $1,000,000 to $50,000,000. The Firm utilizes the funds capital as well as strategic capital partners. Procida Advisors provides due diligence and asset management services to financial institutions and private equity funds with a concentration on construction, development, bankruptcy, restructuring and marketing.

The firm's founder William Procida has been a prominent leader in the Tristate-area real estate market for over 30 years, building over $1 billion dollars in projects and financing more than two billion dollars. In addition to being a media commentator, with frequent appearances on CNBC and Fox Business, he has received the New York City "Developer of the Year Award" and National Association of Home Builders "Pillar of the Industry Award."


Contact:

Jessica Lacy

Tel: 201-871-1177

Email: jlacy@procida.com



SOURCE: Procida Funding & Advisors, LLC

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