PROCIDA ACQUIRES LOAN FOR N.J. OFFICE BLDG

FREEHOLD, N.J. — Procida Funding has acquired the first mortgage for Freehold Commons, a newly constructed, 40,000-square-foot, Class A office building located at 82 South St. in Freehold. Procida acquired the $7 million note from a local bank and will assist in repositioning the property for lease, refinance or sale.