The 100 Mile Fund is a localized real estate investment opportunity from Procida Funding & Advisors. We chose one hundred miles because real estate is a local business in all aspects, and the better you know an area and its people, the better you can interpret information and manage problems. Our team can reach any asset by car in less than two hours, and there are more than enough opportunities within this radius for us to participate in. Plus, every member of the 100 Mile Fund Team are all lifelong residents of this targeted area, and they know it best.
The fund targets office, retail, multifamily, industrial, and specialty properties within the $500,000 to $25 million market. Compare this to banks, which have substantially curtailed lending to all but the most credit-worthy borrowers; or to most private equity funds, which have been targeting the $25 million and above market. Procida Funding and the 100 Mile Fund will continue to dominate the sub-$25 million market.