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Procida Fund Closes on Three Deals in NJ and Bronx, NY

ENGLEWOOD CLIFFS, NJ—Procida Funding's 100 Mile Fund reports it has closed on three financing deals in the New York metro area totaling more than $10 million.

By John Jordan | Updated on June 24, 2014

ENGLEWOOD CLIFFS, NJ—Procida Funding’s 100 Mile Fund reports it has closed on three financing deals in the New York metro area totaling more than $10 million.

The real estate investment fund, which specializes in $2 million to $25 million deals, states it has closed on a a $3.8-million bridge construction loan to complete a seven-story hotel in the Bronx, NY, a $2.6-million bridge loan to renovate a 10-property portfolio in Paterson, NJ and a $3.725-million bridge loan to complete construction and begin leasing on five retail property spaces in Northern New Jersey.

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