Procida Funding provides $39 million construction loan

MIDDLESEX, NJ —  Procida Funding provided a $39 million construction loan, on behalf of the 100 Mile Fund, which Procida exclusively manages. The loan made to Forte Real Estate Development will finance “The View at Middlesex,” a 200-unit apartment building development project in the Borough of Middlesex.
The new mixed-use building at 220 and 232 Lincoln Blvd. will transform vacant and under-utilized properties into a vibrant location with amenity-filled apartments, new retail spaces and an improved streetscape. The project features a five-story, 255,000 s/f building with 200 rental units – 140 one-bedroom units and 60 two-bedrooms. 
“Procida has been a loyal partner in the financing of this project,” said Massimo Pinelli, president & CEO of Forte Real Estate Development. “Their support and belief in the project paired by a flawless loan administration has made the process very simple and the efficient.” 


Please reload

Featured Posts

Industrial market fundamentals are strong going into 2020

February 5, 2020

Please reload

Recent Posts
Please reload

Phone: 781.740.2900| Fax: 781.740.2929 

© Copyright 2014 Mid Atlantic Real Estate Journal. All Rights Reserved.