Procida Funding & Advisors acquires two 1st mortgages totaling $4 million

Procida Funding & Advisors, LLC has acquired two 1st mortgages totaling $4 million secured by two properties in northern New Jersey. The two first mortgages were cross collateralized and secured by a development site in Hoboken and a partially complete condominium project on River Rd. in North Bergen. The Hoboken development site has been approved for 46 residential units, 1435 s/f of commercial space and 32 parking spaces. The North Bergen site is 90% complete and consists of eight units comprised of four, two-bedroom units and four, one-bedroom units.

Tags: Brokerage

Reprint

Previous Story Next Story

LaSalle Investment Management and Camber Real Estate acquire three-property industrial portfolio

Long Island, NY In a joint venture partnership, LaSalle Investment Management (LaSalle) and Camber Real Estate Partners (Camber) acquired a three-property industrial

1411 Bdwy. caps leasing campaign following $100 million modernization

1411 Bdwy. caps leasing campaign following $100m modernization

CBRE sells Lexington Riverview for $14.9 million

Ariel Property Advisors arranges $7.5 million sale of 143-unit multifamily portfolio

Ariel arranges $7.5m sale of 143-unit multifamily portfolio

C&W report finds vacancy edges lower and positive absorption spreads across Tri-State industrial market

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Owners Developers & Managers

The Market Hall at Manhattan West by Brookfield Properties unveils culinary lineup for fall

Columns and Thought Leadership

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking