$2.28M Loan From Kennedy Funding Financial Launches Housing Develop...

Loan will fuel construction of 4,500 residential units and some light commercial properties

Clarendon Parish, JamaicaKennedy Funding Financial, an Englewood Cliffs, New Jersey-based direct private lender has closed a $2,228,000 loan to Pegasus Development Company Ltd.

Pegasus needed a bridge loan to turn 595.83 acres of undeveloped land in Jamaica into a massive residential housing and commercial development.

Closing a land loan in the Caribbean is no small task for any lender. So when Pegasus’ Canadian-based mortgage broker needed to find money for its client in Jamaica, they knew there was only one company who could deliver it.

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