Jeffrey Silver's Blog (20)

Kennedy Funding Closes Another Land Loan in Jamaica

We have recently closed a $2,090,000 loan on a 570 acre oceanfront property on Jamaica’s northern coast near Discovery Bay.  The loan proceeds were used to acquire the site. The borrower plans to develop the property into a mixed use development. This being Kennedy Funding’s second loan closing in Jamaica (this year) we were familiar with the lending process as well as the complications that can present themselves by loan…

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Added by Jeffrey Silver on October 16, 2017 at 7:55am — No Comments

Kennedy Funding Financial Closes $1 Million Loan To Herb Kinman Chevrolet In Carrollton, Kentucky

CARROLLTON, Ky., July 11, 2017 /PRNewswire/ -- Kennedy Funding Financial, (www.kennedyfunding.com), an Englewood Cliffs, New Jersey-based direct private lender announced that it has closed a $1,000,000 loan to…

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Added by Jeffrey Silver on July 11, 2017 at 8:40am — No Comments

$2.28M Loan From Kennedy Funding Financial

$2.28M Loan From Kennedy Funding Financial Launches Housing Development in Jamaica

Loan will fuel construction of 4,500 residential…
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Added by Jeffrey Silver on July 10, 2017 at 8:21am — No Comments

$2.28M Loan From Kennedy Funding Financial Launches Housing Development in Jamaica

To learn more about the over $3 billion in closed loans all over the U.S. and a good part of the world contact me directly at Jeffsilver@kennedyfunding.com.

Added by Jeffrey Silver on May 9, 2017 at 5:45am — No Comments

Kennedy Funding Closes Loan On A Steak House in N.C.

Kennedy Funding Arranges $1.1M Loan for Durham-Area Steakhouse

Posted on March 24, 2017 by…
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Added by Jeffrey Silver on March 27, 2017 at 1:57pm — 3 Comments

Kennedy Funding Closes Another Land Loan in New Jersey

Happy New Year! 

 

We have just funded a $1,705,000 loan made to EW Acquisition LLC. The loan proceeds will be used for working capital and infrastructure improvements for a proposed 121-unit/148-bed assisted living facility known as The Seasons at East Windsor located at 359 Princeton Road East Windsor, New Jersey. …

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Added by Jeffrey Silver on January 10, 2017 at 12:10pm — No Comments

Kennedy Funding 6% interest rate for incoming producing properties

Hope your New Year is starting off well!

We have a new lending program underway offering rates as low as 6%, interest only, with no prepayment penalty and a quick closing.  This new softer program is geared towards income producing assets such as office buildings, retail space, shopping centers, and apartment buildings.  This program will not however,  include land or land development.  Please feel free to call me with any questions or discuss any loans that may be a good fit.  Thank…

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Added by Jeffrey Silver on January 25, 2016 at 1:29pm — 2 Comments

Kennedy Funding Closes New Unique Loan

Club Motor Estates, the luxury car condominiums being built in Broadview Heights, is one step closer to becoming a reality thanks to some new funding.

New Jersey-based Kennedy Funding Financial closed on a $3 million…

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Added by Jeffrey Silver on December 1, 2015 at 8:15am — No Comments

Kennedy Funding closes another loan in Canada

Property Photo   Property: Retirement home

Purpose:…
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Added by Jeffrey Silver on November 17, 2015 at 12:01pm — No Comments

Kennedy Funding closes another loan in Ohio

Hope all is well.

 

We have just funded a $3,000,000 refinance/construction loan for a special use property located in Broadview Heights, Ohio, a suburb of Cleveland. The borrower plans to expand an existing 37,618 sq. ft. building into a 67,000 sq. ft.…

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Added by Jeffrey Silver on November 17, 2015 at 11:57am — No Comments

Kennedy Funding Sells Hotel in NY

Kevin Wolfer, president and chief executive officer of Kennedy Funding Inc., the largest mortgage holder for the previous owner, said the deal with HNA Group closed Friday, effectively ending New Jersey-based holding company’s interest in the troubled 550-acre resort.

Added by Jeffrey Silver on November 11, 2015 at 8:49am — No Comments

Completed Construction Loan In Canada

Kennedy Funding has just closed a $7,380,000 construction loan for a proposed 126 unit independent living community in Lakeshore, Ontario, Canada.  While it is not typical for KFF to provide construction loans outside of the US we saw a great opportunity to service an area that lacked senior living facilities.  The three-year interest only loan was made to…

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Added by Jeffrey Silver on July 28, 2015 at 8:11am — No Comments

Kennedy Funding closes on $3,410,000 industrial park

Hope you are enjoying your summer!

 

We just closed a $3,410,000 loan on a 260,000 sq. ft. industrial facility situated on 52.68 acres located in Mercersburg, PA. The loan was used to pay off an existing mortgage of $2,600,000 owed to Susquehanna Bank.  This type of asset, especially when…

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Added by Jeffrey Silver on July 14, 2015 at 8:14am — No Comments

Kennedy Funding closes another loan in the Bakken Region

Kennedy Funding has just funded a $1,410,000 loan on a mixed use development located in Sidney, Montana. The borrower plans to use the funds for necessary road improvements required by the Montana Department of Transportation.  Their urgency was to get the necessary funds in place and complete the improvements prior to Montana's early winters.…

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Added by Jeffrey Silver on June 9, 2015 at 11:51am — No Comments

Kennedy Funding Closes Another Commercial Loan In Houston Texas

We have just closed an $880,000 loan on a 16,835 square foot industrial/retail building known as Sleep Shopper Store, located on Northern Freeway in Houston, Texas.  Although this loan is below our typical loan minimum of $1M, we saw an opportunity to help a borrower with very limited financing options.  An owner occupied, single tenant building with loan proceeds going towards an unrelated project kept most lenders at bay. We were…

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Added by Jeffrey Silver on May 27, 2015 at 8:03am — No Comments

Kennedy Funding Closes Another Land Loan

We have just funded a $3.5M land loan on a 10.31 acre parcel of vacant land in Bensalem, Bucks County, PA.  The loan proceeds were used to pay off existing debt as well as working capital to keep the project moving forward. The borrower plans on constructing a 300,000 sq./ft all-inclusive integrated medical complex at a cost of over $185,000,000. …

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Added by Jeffrey Silver on March 26, 2015 at 8:25am — No Comments

There is no quick or easy way to get funding! If you here that run for the hills.

If you want to know how to close a loan of over $1 million with a real lender and not a broker who will tell you anything but never preform go to www.kennedyfunding.com to learn what you need for a real company to fund your loan. We have been a direct private a commercial lender for over 25 years and funded over $2.5 billion in closed loans. Learn from the best. If you have any questions call or email me and I will be glad to speak with…

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Added by Jeffrey Silver on June 25, 2014 at 6:45am — No Comments

Kennedy Funding Closes Loan on the Elvis Presley Ranch in Horn Lake MS.

Kennedy Funding has just closed a loan for the former Elvis Presley Ranch for $2.3 Million. The ranch comprised of 231 acres in Horn Lake MS. It is very close to Memphis Tenn. If you have a land or land development deal that banks and other lenders have turned down bring it to us we can fund in 30 days or less.

Regards,

Jeffrey Silver

Senior Loan Officer

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Kennedy Funding Financial, LLC

930 Sylvan Ave.

Suite 110

Englewood Cliffs, NJ  07632

Tel:…

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Added by Jeffrey Silver on June 4, 2014 at 8:25am — No Comments

Cabrera, Dominican Republic

We recently funded a land loan in Cabrera, Dominican Republic, a well known beach community. The funds are being used to pay off existing debt and for entitlements/approvals for future development. Our borrower, a prominent US citizen with a very strong business resume still found it difficult to secure financing on land in the Dominican Republic.  Kennedy Funding was able to see the upside of the project and was able to provide the necessary funds needed to get the project underway. …

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Added by Jeffrey Silver on January 7, 2014 at 8:51am — No Comments

Kennedy Funding Closes Loan in the Dominican Republic

Kennedy Funding has just closed a land loan in the Dominican Republic. If you have a commercial loan you need funded quickly contact me directly. We fund all over the U.S. and a good part of the world.

Jeffsilver@kennedyfunding.com

201-708-9928

Added by Jeffrey Silver on December 18, 2013 at 12:50pm — No Comments

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