Procida's 100 Mile Fund celebrates first year

Procida Funding's 100 Mile Fund has achieved a 15.09% net realized gain for its investors in its first year of operations. The 100 Mile Fund, which launched in October 2011 had a solid opening year having participated in the purchase of over $38 million of non-preforming debt, mostly construction loans, and managed to achieve over $23 million in discounts for their borrowers. The 100 Mile Fund's investors include a broad cross section of high net worth individuals, a public insurance company, and local business owners. "Unlike larger funds we not only lend and invest money but we add value," said William Procida, a former general contractor and award winning real estate developer. "There is nobody else out there like us who can build and market a building as well as give you the money you need. Our knowledge of construction, development and marketing is second to none and I have the best team in the business." The 100 Mile Fund is open to accredited investors and Procida anticipates the fund will complete $100,000,000 of loans and investments over the next 12 months. About Procida Funding & Advisors, LLC Procida Funding, LLC, provides bridge, mezzanine and equity capital to the real estate industry and middle market companies through its 100 Mile Fund. Since 1995, the Firm has completed over one billion dollars of transactions ranging from $1,000,000 to $50,000,000. The Firm utilizes its own 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, bankruptcy, restructuring and marketing. The firm's founder William Procida has been a prominent leader in the tri-state area real estate market for over 30 years, building over one 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." ###