Jeffrey Silver's Blog (29)

Kennedy Funding Closes $1.35 Million Loan for Apartment Building in Boynton Beach, FL

 Kennedy Funding, an Englewood Cliffs, New Jersey-based global direct private lender, today announced that it has closed a $1.35 million loan to Boynton Beach, Florida-based Suncoast Boynton Realty, LLC. The short-term loan was funded at an 8% interest rate. The borrower will use the loan proceeds for working capital for a 12-unit apartment building in the rapidly-growing coastal…

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Added by Jeffrey Silver on January 24, 2019 at 12:58pm — No Comments

We have just closed a $3,000,000 loan to Tacoma, Washington based TCC RE Holdings, LLC.

Hope your new year is off to a good start! 

We have just closed a $3,000,000 loan to Tacoma, Washington based TCC RE Holdings, LLC.  The borrower will use the loan proceeds to pay off existing debt and for working capital.  The loan was secured by a four-building, 81,000 square foot religious facility located in Tacoma’s McKinley neighborhood, ranked by Forbes as the 10th- fastest growing American city in 2018.

 

Please contact me if you have a new loan…

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Added by Jeffrey Silver on January 15, 2019 at 11:56am — No Comments

Kennedy Funding Closes A Loan In Maryland

Hope all is well and you enjoyed your Thanksgiving!

 

We have recently closed a $3,200,000 loan to a leading Maryland engineering firm.  The loan was made to Reynolds Estates, LLC a firm related to the borrowing entity specializing in accident investigation, failure investigation and safety management.  The loan is secured by a 46,053 sq. ft. building situated on 4.05 acres consisting of office space, laboratories, and storage space.  The property is in Stevensville, Maryland…

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Added by Jeffrey Silver on November 27, 2018 at 9:01am — No Comments

Kennedy Funding closes land loan in Casper Wyoming

We have closed a $2,400,000 loan to Gaddis Custom Building, LLC, a developer in Casper, Wyoming.  The borrower will use the proceeds of the loan to refinance their existing note and to fund the infrastructure for 45 residential lots on a 220+ acre development, a subdivision of Casper’s Heritage Hills housing development.

 

If you have questions about this project or a new financing request please feel free to contact me to discuss further.

 

About Kennedy…

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Added by Jeffrey Silver on October 24, 2018 at 7:25am — No Comments

Kennedy Funding Closed Another International Loan

We have just added Colombia to our long list of international loan closings with the most recent being a $2,750,000 land acquisition loan to Bienes y Servicios International.  The company plans to purchase a 16.864 acre site in Sincelejo with plans to build a much needed middle-class residential development.

 

In addition to Colombia we have closed loans in Mexico, Spain, Belize, Canada, Fiji, and throughout the Caribbean.  If you have any questions about this or any new…

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Added by Jeffrey Silver on September 5, 2018 at 9:15am — No Comments

An Alternative To Conventional Bank Loans

An Alternative To Conventional Bank Loans

Thank you for your interest in Kennedy Funding Financial, one of the largest private commercial lenders in the country. We specialize in short-term real estate secured loans for many situations, including bridge funding, land acquisition, development and construction, bank workouts, note purchases, foreclosures and bankruptcies.

At Kennedy Funding Financial, we recognize the importance…

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Added by Jeffrey Silver on August 22, 2018 at 6:20am — No Comments

Kennedy closes land loan in Montana

We have just closed a $1.45M land loan in Sidney, Montana to American Land Development, a real estate developer located in King of Prussia, PA. This is the second loan made to the developer in the oil-rich Bakken region. The funds are being used to further the existing 18 lot development.

Contact: Jeffsilver@kennedyfunding.com  / 201-708-9928 Direct.

Added by Jeffrey Silver on July 19, 2018 at 7:11am — No Comments

Kennedy Funding Closes $2M Construction Loan In Brooklyn NY

We have just closed a $2M construction loan in Williamsburg Brooklyn on a piece of land that has been sitting empty for over a decade.  The borrower plans to use the funds to build an eight-unit, 4 story walk-up building located at 100 Scholes Street.  The loan will enable the borrower to transform the property into a revenue generating investment. Our ability to look past the borrower’s minimal experience with development and concentrate on the Williamsburg market allowed us to facilitate…

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Added by Jeffrey Silver on April 25, 2018 at 8:24am — No Comments

Kennedy Funding closes on Winter Haven FL project (2018)

 

Hope all is well and your year is off to a good start. KFF has started the year with a $1,350,000 loan closing in Winter Haven, Florida. The loan was made to Plaza Mexico, a grocery store and food stand.  The borrower used part of the loan proceeds to pay off existing debt and the balance for proposed site work and expansion of their 12,000 sq. ft. grocery store. This property is considered to be in a rural market which made it difficult for the borrower to get financing with other…

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Added by Jeffrey Silver on January 22, 2018 at 8:29am — No Comments

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

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