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100 Mile Fund provides $12.3M construction loan to Nobility Crest at Brick

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Procida Funding & Advisors LLC, a real estate investment bank based in Englewood Cliffs, announced Friday it has provided a $12.3 million construction loan through its 100 Mile Fund for The Shoppes & Residences at New Visions in Brick.

According to the announcement, the project consists of two separate developments, including a mixed-use project with 21,109 square feet of retail space and 44 rental units made up of 30 two-bedrooms and 14 one-bedroom apartments, as well as a second parcel with 170 townhomes.

This site is centrally located in Brick Township and is in close proximity to most major retailers, the Garden State Parkway and the area beaches, the company said in a statement.

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