What is your most noteworthy transaction 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 area is and why?
I see the DIP loan sector starting to heat up and that plays to our strengths as we are very comfortable with bankruptcy situations and can underwrite portfolios quick.
What separates you from the competition?
Our ability to close complex deals quick.
Name some of your most unique qualities/reasons why someone should do business with your financial institution?
All projects are monitored by Procida’s asset management team and sourced through its network of real estate and third-party professionals developed from over 35+ years in the industry.
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