Procida Funding Provides $130M Construction Loan For 507-Unit Multifamily In Cherry Hill, NJ | Plaza Grande, 700 Citation Lane | 100 Mile Fund Procida Funding | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

250,205 sqft

The Plaza Grande, located at 700 Citation Lane in Cherry Hill, NJ, has been involved in a recent transaction. This multifamily property spans across 250,205 square feet and consists of 507 units. The transaction took place on August 23, 2021.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $130,000,000
Loan Type: Construction

Procida Funding, represented by Brian Foley, Mike Coen, and Derek Weissman, provided a loan for the transaction. The loan amount amounted to $130,000,000. Additionally, John Fasciano was the builder involved in the process. It's worth noting that the Plaza Grande is a 55 and older community.

Players

All
1

Lenders
1

100 Mile Fund Procida Funding

Details

Deal Summary

FINANCED

IMAGE: Mike Coen, Brian Foley & Derek Weissman DATE: 08/23/2021 ADDRESS: Plaza Grande, 700 Citation Lane MARKET: Cherry Hill, NJ ASSET TYPE: Multifamily ~ UNITS: 507 ~ SF: 250,205 LENDER: Procida Funding (@ProcidaFunding) - Brian Foley (@Foley794), Mike Coen (@Mr_Coen) & Derek Weissman (@Bubba_55) BUILDER: John Fasciano LOAN AMOUNT: $130,000,000 LOAN TYPE: Construction NOTE: 55 and older community

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AddressPlaza Grande, 700 Citation Lane

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