Procopio Companies & Southern Waters Capital Secures $6.4M Bridge Loan From Brora Capital

The property asset involved in this transaction is a multifamily asset located at 1425 Huey Street in the Wildwood market. The total loan amount secured for this property is $6,400,000 through a bridge loan. The asset is managed by Procopio Companies and Southern Waters Capital.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,400,000
• Lender: Ignacio Diaz, Jose Padua Jr, Ben Gluck & Todd Richardson - Brora Capital
• Landlord: Procopio Companies & Southern Waters Capital
• Loan Type: Bridge
• Date of Transaction: 09/26/2025
• Address: 1425 Huey Street
• Market: Wildwood

This transaction involved key individuals from Brora Capital, specifically Ignacio Diaz, Jose Padua Jr, Ben Gluck, and Todd Richardson, who facilitated the loan. Procopio Companies and Southern Waters Capital represent the interests of the landlord in this transaction.