8D — November 13 - December 10, 2020 — Financial Digest — Lenders Directory — M id A tlantic Real Estate Journal
www.marej.com
L enders D irectory
Brian Foley, Procida Funding, LLC VP – Head of Originations Procida Funding, LLC
Brian Foley VP – Head of Originations Procida Funding, LLC Headquarters: Englewood Cliffs, NJ Number of Commercial Real Estate Specialist: 6 Years with company/firm: 5 Years in field: 5 Area of Interest: Short Term Lending, mostly ground-up construction, within 100 miles of NYC.
Most noteworthy transaction or project this year: A $52.5MMhalf-built construction project of 214 residential units in North Bergen, NJ.
ha t i s your most notewor- thy transac- tion or project this year? A $52.5MM half-built construction project of 214 residential units in North Bergen, NJ. Where do you think your largest growth W
quick. What separates you from the competition? Our ability to close com- plex deals quick. Name some of your
most unique qualities/ reasons why someone should do business with your financial in - stitution? All projects are moni- tored by Procida’s asset management team and sourced through its net- work of real estate and third-party professionals developed from over 35+ years in the industry. MAREJ Town Title Agen- cy hosts 5th An- nual Golf Outing PARAMUS, NJ — Town Title Agency (Town Title) held its fifth annual golf out- ing at the Ridgewood Country Club located at 96 W. Midland Ave. in Paramus, and raised over $125,000. All net proceeds will be donated to the following three charities; all part of the Hackensack Meridian Health family: • Tackle Kids Cancer at the Children’s Cancer Institute at the JosephM. Sanzari Children’s Hos- pital at Hackensack Uni- versity Medical Center • The Inserra Diabetes Research Fund at Hack- ensack University Medi- cal Center; and • The Caryl and Jim Kourgelis Fund for The Center for Behavioral Health and Medicine at Hackensack University Medical Center. Town Title started the golf outing as part of the company’s “Town Title Gives Back” initiative to showcase their commit- ment and dedication to the communities they serve. MAREJ
strengths as we are very comfortable with bank- ruptcy situations and can underwrite portfolios
area is and why? I see the DIP loan sec- tor starting to heat up and that plays to our
Since 1995, Procida Funding has provided over $3 Billion in capital. Procida Funding provides capital for a wide range of asset classes in the Eastern region of the United States, with a concentration in the New York Metropolitan area.
12.58% $806+ $440+
ANNUALIZED RETURN
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