$200m Palisades.Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m). Regional Investment Fund, the fund exclusively managed by real estate banking and advisory firm Palisades Financial, reported $200 million in assets and a 32.19% rate of return on capital to investors for 2003. PRIF PRIF Peace Research Institute Frankfurt (Germany) provides first and second mortgages and preferred-equity and purchases distressed debt distressed debt Debt with low junk status and a market price substantially below par value, often pennies on the dollar. Investors sometimes buy distressed debt on the possibility that management can renegotiate loan agreements and keep the issuer out of . The fund's 2003 rate of return was certified by Eisner LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . "Palisades delivers high returns by identifying investment opportunities overlooked by conventional lenders," said William P. Procida, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Palisades Financial and founding partner of PRIF. "We identify value by assessing an investment from a developer's perspective. Our leadership understands development and its leaders have a well-established track record of recognizing solid real estate opportunities." Some of the fund's noteworthy investments include: Red Devil, Inc.: The fund provided a $3.6 million first mortgage for this manufacturer of glazing and caulking caulk·ing n. A usually impermeable substance used for caulking. Also called caulking compound. Noun 1. caulking - a waterproof filler and sealant that is used in building and repair to make watertight caulk materials for the home construction industry. The loan was secured by the company's corporate headquarters in Union, N.J. and a manufacturing facility in Pryor, Oklahoma. Coventry Commons: The fund acquired an $8.4 million first mortgage for this shopping center in Stony Brook, N.Y. Retail tenants include Duane Reade, Starbucks and Chase Bank. Washington/Warren: The fund acquired a $13.8 million mortgage secured by the headquarters of Anadigics Corporation, a publicly traded chip maker, as well as an A&P-anchored shopping center in Warren county, N.J. |
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