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WPI

WILLIAM PROCIDA INCORPORATED

William Procida History


1980 - 2017

The Procida
Construction Corp. & Organization
Development Corp.
2

CORPORATE TIMELINE

2011 - 2018 2010 2008 2007 2002 - 2007 2001

100 MILE FUND IS PROCIDA LAUNCHES PALISADES PALISADES


FORMED REBOOTS WILLIAM SELLS PALISADES REGIONAL INVESTMENT FINANCIAL IS
FUNDING & REGIONAL FINANCIAL
( DEPLOYS
ADVISORS IS FORMED PROCIDA INC. FUND (DEPLOYS $1 FORMED
$450 MM ) BILLION) ( CEO )

1995 1994 1990 1985 1981 1980

WILLIAM PROCIDA INC. MERGES PROCIDA PROCIDA VP OF PROCIDA


VP OF THE TRUMP DEVELOPMENT CORP.
IS FORMED SELLS PROCIDA ORGANIZATION DEVELOPMENT CORP. CONSTRUCTION CORP.
(COMPLETED $2 ORGANIZATION WITH PROCIDA (ESTIMATING/PROJECT
(WORKOUTS & IS FORMED
BILLION IN PROJECTS) CONSTRUCTION CORP. MANAGEMENT)
RESTRUCTURING) (CO-PRESIDENT) ( CEO )

WILLIAM PROCIDA HISTORY The Procida


1980-2017 Construction Corp. &
Development Corp.
Organization
3

AWARDS & ACHIEVEMENTS

2017 2016 2016 2016 2014 2011 1998 1997

Rockland Business Real Estate Finance & Real Estate Finance & Real Estate Finance & Gold Coast Chamber Community Builders & New York Mortgage US Embassy (Berlin
Association “Citizen Investment Magazine Investment Magazine Investment Magazine of Commerce “Man Remodeling (NJ Builders Bankers Association Office) “Certificate of
of the Year” “Non-Bank Lender of “Top Specialty Fund” “Outstanding of The Year” Association) “Real Estate “Man of The Year Appreciation”
the Year” Contribution Award” Consultant of The Year” Award”

1991 1991 1989,


1994 1994 1994 to to 1991, 1989 1989
1994 1994 1992
National Home Associated Builders & Engineering News Professional Associated Builders American Jewish The Bronx Chamber
“NYS Governors
Builders “Pillar of the Owners of Greater New Record Magazine Home Builders & Owners Congress “Outstanding of Commerce “Man
Excellence Award in
Industry Award for York “Developer of The “Top US 400 General Magazine “Top “Outstanding Community Service of The Year Award”
Housing”
Urban Renewal” Year Award” Contractors” 400 US Developer Award” Award”
(Same award won by President
Trump) Homebuilders”

1981 1978
1988 1988 to 1983 to
1985 1981
Mid Bronx President of The Professional Home American Institute of Member Labors
Desperados Borough of The Builders Magazine Architect (NJ Chapter) International Union
“Business Man of Bronx “Citation of “Top 20 Renovation “Outstanding Design Local #104
The Year Award” Merit Award” Contractors” Award”

WILLIAM PROCIDA HISTORY The Procida


1980-2017 Construction Corp. &
Development Corp.
Organization
4

NEWS & TELEVISED APPEARANCES

WILLIAM PROCIDA HISTORY The Procida


1980-2017 Construction Corp. &
Development Corp.
Organization
5

100 MILE FUND 2012 - 2017

ANNUALIZED AVERAGE RETURNS MEMBERS EQUITY

16.00% $60,000,000.00
14.00%
$50,000,000.00
12.00%
10.00% $40,000,000.00
8.00% $30,000,000.00
6.00%
$20,000,000.00
4.00%
2.00% $10,000,000.00
0.00% $0.00
2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017

WILLIAM PROCIDA HISTORY The Procida


1980-2017 Construction Corp. &
Development Corp.
Organization
6

100 MILE FUND 2012 - 2017

LOAN ORIGINATIONS PAID INVESTMENTS

$140,000,000.00 $120,000,000.00
$120,000,000.00 $100,000,000.00
$100,000,000.00
$80,000,000.00
$80,000,000.00
$60,000,000.00
$60,000,000.00
$40,000,000.00 $40,000,000.00

$20,000,000.00 $20,000,000.00
$0.00 $0.00
2012 2013 2014 2015 2016 2017 2012 2013 2014 2015 2016 2017

WILLIAM PROCIDA HISTORY The Procida


1980-2017 Construction Corp. &
Development Corp.
Organization
7

100 MILE FUND RESULTS 2012 - 2017


2017 Year End Summary
Paid Investment
Originated 10 Loans in 2017 Current Investment

$27,795,000
8 Loans Repaid
$101,825,000
2017 Annual Return
11.93%

5 Year Summary
THRU December 31, 2017
Gulls Cove II
Jersey City, NJ Originated 81 Loans Since Inception The Divine Lorraine Hotel
Philadelphia, PA

$423,511,959
55 Loans Repaid
$302,740,136
Average Return Annualized Since Inception
13.75%

WILLIAM PROCIDA HISTORY The Procida


1980-2017 Construction Corp. &
Development Corp.
Organization
8

THIRD PARTY CORRESPONDENT TRANSACTIONS


Romspen Investment Corp. (2013 – Present)
Status Loan Total Yield
Paid Jersey City $45,000,000 10% +
Paid Futterman $10,000,000 10% +
Paid Toms River $5,000,000 10% +
Paid Gulls Cove II $45,000,000 10% +
Paid Kirkbride $15,000,000 10% +
Paid Blatstein $15,000,000 10% +

(2010 – 2012)
Name Total Description
Pen Cap Portfolio
Capital Trust $140,000,000 6% return on $80,000,000 senior
15% return on $60,000,000 equity
invested
Gatano Development
G4-Capital $25,000,000 18% return on 1st mtg. construction
loan

WILLIAM PROCIDA HISTORY The Procida


1980-2017 Construction Corp. &
Development Corp.
Organization
9

PALISADES REGIONAL INVESTMENT FUND I & II SUMMARY RESULTS (2002 – 2007)


PRIF I Summary Results
Year LTV% Return Equity
2002 67% 50% $3,000,000
2003 95% 32% $12,150,000
2004 85% 15% $27,642,000
2005 71% 13.5% $42,000,000
2006 40% 19.1% $24,000,000
2007 80% 11.5% $15,000,000

PRIF II Summary Results


Year LTV% Return Equity
2006 50% 13.7% $37,600,000
2007 81% 16% $51,000,000

WILLIAM PROCIDA HISTORY The Procida


1980-2017 Construction Corp. &
Development Corp.
Organization
10

PRIF I & II INVESTMENTS (2002 – 2007)


PRIF I Investments
Year PRIF Co- 3rd Party Total Collateral LTV Return
Investors Debt
2002 $6,115 $8,700 $38,045 $52,860 $78,480 67% 50%
2003 $10,051 $29,116 $77,088 $116,255 $122,956 95% 32%
2004 $30,910 $59,111 $212,670 $302,691 $354,450 85% 15%
2005 $57,538 $15,232 $72,921 $145,691 $205,739 71% 13.5%
2006 $5,700 - $2,900 $8,600 $21,450 40% 19%

Total $110,314 $112,159 $403,624 $626,097 $783,105 80%

PRIF II Investments
Year PRIF Co- 3rd Party Total Collateral LTV Return
Investors Debt
2006 $43,420 $3,300 $70,933 $117,653 $233,138 50% 13.7%
2007 $64,021 $9,130 $221,385 $294,536 $365,176 81% 16.0%

Total $107,441 $12,430 $292,318 $412,189 $598,315 69%


*All amounts in $000’s

WILLIAM PROCIDA HISTORY The Procida


1980-2017 Construction Corp. &
Development Corp.
Organization
11

THIRD PARTY CORRESPONDENTS (1997 – 2001)


WPI Transactions Completed for Third Party Clients
1997 - 2001
Est./Realized Income
Canyon Capital Date of Investment Investment Amount Time (Month) Annualized Return
& Sale Proceeds
(DIP, Bridge Loans & Equity)
Mrs. Smith’s Pies, Pottstown, PA 2001 $6,500 $8,450 24 15%
Route 17 North, Paramus, NJ 1999 2,619 2,945 5 30%
Fairchild, Long Island, NY 1999 3,224 3,860 11 22%
Roseland, NJ 1999 9,251 10,381 7 22%
West Shore, Staten Island, NY 1999 - 250 1 -
130 Monarch Avenue, Carlstadt, NJ 1999 1,800 2,484 20 23%
Cineplex Odeon, NY, NY 1998 19,673 21,319 4 25%
Burlington Square, Burlington, VT 1997 9,500 12,000 12 27%
Studio City Associates, Los Angeles, CA 1997 3,432 8,142 46 36%
Total Canyon & Affiliates $55,999 $69,831

1997 - 2001
Est./Realized Income
Phoenix four Inc. Date of Investment Investment Amount Time (Month) Annualized Return
& Sale Proceeds
(Debt Buys)
Southport, Cape Cod, MA 1999 $25,000 $50,000 24 50%
Seacourt Pavilion, Toms River, NJ 1999 25,000 30,000 12 20%
Wise Country Virginia, WV 1999 5,500 6,000 1 -
Danbury Hilton Hotel, Danbury, CT 1999 14,500 15,000 1 -
West Shore Plaza, Staten Island, NY 1998 15,000 25,000 12 60%
Northvale Offices, Northvale, NJ 1998 1,000 1,500 6 100%
Gertz Plaza, Queens, NY 1998 12,000 15,000 12 20%
Ridge Plaza, Jefferson Twp., NJ 1998 1,500 3,000 24 50%
Hudson Street, NY, NY 1997 5,000 16,000 12 300%
Halvajian Portfolio, NJ 1997 30,000 50,000 24 30%
21 Astor, NY, NY 1997 - 500 1 -
Total SRC $134,500 $212,000

*All amounts in $000’s

WILLIAM PROCIDA HISTORY The Procida


1980-2017 Construction Corp. &
Development Corp.
Organization
12

THIRD PARTY CORRESPONDENTS (1997 – 2001)


WPI Transactions Completed for Third Party Clients Cont.
1999 – 2001 Est./Realized Income
Date of Investment Investment Amount Time (Month) Annualized Return
Lend Lease (Mezzanine Loans) & Sale Proceeds
Cambridge Crossings, Clifton, NJ 2001 $15,000 $22,500 24 25%
717 Partners, LLC, NY, NY 2000 14,000 19,670 18 27%
Cambridge Heights on Terrace Lake, Butler, NJ 2000 7,500 10,312 18 25%
Cambridge Heights at Nutley, Nutley, NJ 1999 10,000 13,750 18 25%
Total Lend Lease $46,500 $66,232
*All amounts in $000’s
Grand Total $236,999 $348,063

WPI Direct Loans


Project Date of Investment Investment Amount Net Proceeds Time (Month) Annualized Return Transaction Type
7 Woodport Road, Sparta, NJ 2002 $248,300 $159,700 4 193% Debt & Fee Purchase
Countryside Estates, Saucon, PA 2002 350,000 150,000 4 129% Debt & Fee Purchase
YLCO, LTD, Paterson, NJ 2002 450,000 58,000 5 31% 2nd Mortgage
West 87th Street, NY, NY 2001 150,000 27,000 12 18% 1st Priority Lien
Nauset Avenue, Doogwood, NJ 2000 25,000 3,800 12 15% 2nd Mortgage
OK Performance, Palisades Park, NJ 2000 100,000 12,000 6 24% Bridge Loan
Country Club, New Hempstead, NY 2000 100,000 55,000 3 220% Stand-By
444th Street, Union City, NJ 2000 110,000 18,000 12 16% 1st Mortgage
County Road, Cresskill, NJ 2000 150,000 11,300 6 15% 2nd Mortgage
Ardenburgh Ave, Demarest, NJ 2000 200,000 900,000 24 225% Fee Purchase
Lincoln Avenue, Cliffside Park, NJ 2000 300,000 1,050,000 30 140% Fee Purchase
50 E. 30th Street, Ny, NY 2000 400,000 200,000 6 100% Bridge Loan
31 Farmum Street, Edgewater Park, NJ 1999 150,000 15,000 3 40% Debt Buy
Fort Lee, NJ 1999 250,000 18,800 6 15% 2nd Mortgage
Iggart Marriot Industrial, Columbus, OH 1998 198,000 133,000 11 89% Direct Ownership
25 Morrow Street, Englewood, NJ 1998 200,000 40,000 12 20% 2nd Mortgage
TC’s-DeelWood Park, Jacksonville, FL 1997 284,000 2,613,000 60 142% Direct Ownership
300 Walt Whitman Blvd, Long Island, NY 1995 2,600,000 433,000 4 54% Direct Ownership

Total SRC $6,265,300 $5,897,600

WILLIAM PROCIDA HISTORY The Procida


1980-2017 Construction Corp. &
Development Corp.
Organization
13

THE PROCIDA ORGANIZATION (1983-1996)


Construction & Developement
GROSS REVENUE
$60,000,000

$50,000,000

$40,000,000

$30,000,000

$20,000,000

$10,000,000

$0
1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996

WILLIAM PROCIDA HISTORY The Procida


1980-2017 Construction Corp. &
Development Corp.
Organization
WPI
WILLIAM PROCIDA INCORPORATED

The Procida
Construction Corp. & Organization
Development Corp.