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Journey to Success and the Entrepreneurial Spirit With Billy Procida at STAC's Fireside Chat

Mar 22, 2019

Journey to Success and the Entrepreneurial Spirit With Billy Procida at STAC's Fireside Chat

St. Thomas Aquinas College will host William “Billy” Procida, president of Procida Funding & Advisors, LLC for a “fireside chat” in the College’s Lougheed Library on Thursday, March 28, 2019 from 11:30 a.m.-12:30 p.m.  "STAC Fireside Chats are a wonderful opportunity for our students to engage with successful leaders such as Billy Procida,” stated Karen Wright, vice president for institutional advancement at the College. The event is free and open to the public.

Mr. Procida shared that “there is nothing better than sharing what you know with people younger than you. That’s how I got to know what I know now. People shared with me when I was young, and now it’s time to pass it on.” He has been an independent entrepreneur since 1980 and founded Procida Funding in 1995. Based in Englewood Cliffs, New Jersey, this firm specializes in providing capital and expertise for both distressed and value-added situations. In 2002, WPI became the founding member and majority shareholder of Palisades Financial (“Palisades”), which formed and managed two private equity funds. Palisades invested and managed over 100 positions including bridge and mezzanine loans. Loans and equity positions were made in excess of 1.5 billion dollars. The funds’ returns to investors exceeded 15 percent annually since 2002. These investments covered a broad range of asset classes throughout the U.S., including ski resorts, transportation companies, hotels, manufacturing facilities, chemical plants, as well as conventional real estate asset classes. In 2008, Mr. Procida sold his interest in Palisades and resumed his activities under Procida Funding.

Prior to Procida Funding, Mr. Procida was co-president of The Procida Organization (TPO) located in New York City. This firm ran 4 divisions: construction, real estate development, real estate brokerage, and mortgage brokerage. It employed over 100 people and grew from $2 million in sales in 1982 to over $70 million in sales in 1994. The Procida Organization has won numerous awards including the New York City Developer of the Year award. In 1990, Mr. Procida took a leave of absence from TPO to take on a full-time assignment with the Trump Organization. Mr. Procida reported directly to Mr. Donald Trump regarding investments within casinos, airlines, real estate development, and sports franchises.

Mr. Procida has also served a 10 year period as principal of Procida Development/Procida Construction Corporations.

Billy Procida

St. Thomas Aquinas College will host William “Billy” Procida, president of Procida Funding & Advisors, LLC for a “fireside chat” in the College’s Lougheed Library on Thursday, March 28, 2019 from 11:30 a.m.-12:30 p.m.  "STAC Fireside Chats are a wonderful opportunity for our students to engage with successful leaders such as Billy Procida,” stated Karen Wright, vice president for institutional advancement at the College. The event is free and open to the public.

Mr. Procida shared that “there is nothing better than sharing what you know with people younger than you. That’s how I got to know what I know now. People shared with me when I was young, and now it’s time to pass it on.” He has been an independent entrepreneur since 1980 and founded Procida Funding in 1995. Based in Englewood Cliffs, New Jersey, this firm specializes in providing capital and expertise for both distressed and value-added situations. In 2002, WPI became the founding member and majority shareholder of Palisades Financial (“Palisades”), which formed and managed two private equity funds. Palisades invested and managed over 100 positions including bridge and mezzanine loans. Loans and equity positions were made in excess of 1.5 billion dollars. The funds’ returns to investors exceeded 15 percent annually since 2002. These investments covered a broad range of asset classes throughout the U.S., including ski resorts, transportation companies, hotels, manufacturing facilities, chemical plants, as well as conventional real estate asset classes. In 2008, Mr. Procida sold his interest in Palisades and resumed his activities under Procida Funding.

Prior to Procida Funding, Mr. Procida was co-president of The Procida Organization (TPO) located in New York City. This firm ran 4 divisions: construction, real estate development, real estate brokerage, and mortgage brokerage. It employed over 100 people and grew from $2 million in sales in 1982 to over $70 million in sales in 1994. The Procida Organization has won numerous awards including the New York City Developer of the Year award. In 1990, Mr. Procida took a leave of absence from TPO to take on a full-time assignment with the Trump Organization. Mr. Procida reported directly to Mr. Donald Trump regarding investments within casinos, airlines, real estate development, and sports franchises.

Mr. Procida has also served a 10 year period as principal of Procida Development/Procida Construction Corporations.

 

St. Thomas Aquinas College is an independent liberal arts college located on 60 acres in Rockland County, NY which provides education at the undergraduate and graduate levels. The College’s 2,800 full and part-time students can choose from more than 100 different majors, minors, specializations, and dual degree programs across three Schools: Arts & Sciences, Business, and Education. The College is recognized by U.S. News & World Report in the Top-Tier for Regional Universities, by Colleges of Distinction in both its New York and Catholic editions, by Affordable Colleges Online as a top College in New York for Return on Investment, and is included as a Military Friendly School®. St. Thomas Aquinas College is accredited by the Middle States Association of Colleges and Schools; its School of Education is accredited by Council for the Accreditation of Educator Preparation (CAEP) ; and its School of Business is accredited by the International Accreditation Council for Business Education (IACBE). For more information, visit www.stac.edu.