Procida Funding Provides $20.5M Construction Loan For Development Site In Kearny

The development site located at 439 Schuyler Ave in Kearny has been involved in a recent loan transaction. On January 13, 2023, HA Capital Holding LLC secured a construction loan from Procida Funding for an amount of $20,500,000. This loan will support the development of the property, which has a building square footage (BSF) of 123,938. Cole Schotz represented the parties involved in this transaction as the broker.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $20,500,000
• Address: 439 Schuyler Ave
• Market: Kearny
• BSF: 123,938
• Lender: Procida Funding
• Landlord: HA Capital Holding LLC
• Broker: Cole Schotz
• Loan Type: Construction Loan

This transaction highlights the collaboration between HA Capital Holding LLC as the landlord and Procida Funding as the lender. The loan provided by Procida Funding will enable the development of the property located at 439 Schuyler Ave, Kearny, which spans a building square footage of 123,938. Cole Schotz represented the parties involved as the broker in this construction loan transaction.