24D — September 13 - 26, 2019 — 40 Under 40 — M id A tlantic
Real Estate Journal
www.marej.com
40 U nder 40
Michael Coen, Procida Funding & Advisors “Ever since I was little, real estate was in my blood”
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eager as a team you will find in the industry today. We all work hard to manage risk and provide complete transparency to our hundred fifty investors. The team member’s contribu- tion as a whole is doing good and helping others while en- hancing the communities we invest in each and every day. Our goal is to make money, but our job is to manage risk Who or what has been the strongest influence in your career? My father over the years dating back to when I was just starting out in real estate
provided great mentorship. He influenced my decisions to continue on path in real es- tate and continues to provide a wealth of knowledge to my career choice. Tell us how and when you began your career in the profession you are in, about your current position and why you choose the field/ profession you are in today? Ever since I was little, real estate was in my blood. Began working through a niche indus- try including distressed debt and REO asset management across a national landscape. While honing my skill set as an asset manager and attend- ing graduate school, I made a decision to transition into the commercial real estate finance world. Specializing as a hands- on-lender providing capital and expertise has allowed me to see various projects located throughout the Northeast. What were some of your early goals and did any- thing happen to change them? Many of my goals remain intact, including expanding my professional network, provid- ing the most honest and trans- parent services to our investors and seeing our clients succeed.. What outside activities do you enjoy during your free time? Enjoy playing golf and trav- eling with friends. these are a few of my favorite things College: University of Alabama Book: The Intelligent Investor Movie: Scent of a Women Team: Alabama Crimson Tide Sport: Golf Food: Cajun Ribeye Dessert: Butter Cake (Del Frisco Steakhouse) Restaurant:
hat is your great- est professional accomplishment?
Michael Coen Vice President
Disposition/Sale of a 68 Unit portfolio in Westchester County, while structing sellers financing to new buyer and ob- taining note-on-note financing with a senior participant. What is your most notable project, deal or transac- tion? Nyack College, +/- 150 acre, 500K s/f of existing buildings. Offered a short bridge loan to a sale for 24 months. Structured the debt with four co-lenders. The loan provided working cap
– Head of Due Diligence Years with company/firm: 4 ½ Years in field: 9 ½ Years in real estate industry: 9 ½ Real estate organizations/affiliations: Urban Land Institute
ital as the college consolidated its exiting campus to relocate to NYC. The property is cur- rently being marketed through CBRE’s disposition/sales team.
How do you contribute to your company and / or the industry? Our company is comprised of smart, enthusiastic and as
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Barbuto Hobby: Golf
If you could dine with anyone dead or alive who would you choose? Dave Matthews
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