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…Continue
Added by Jeffrey Silver on April 25, 2018 at 8:24am — No Comments
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…Continue
Added by Jeffrey Silver on January 22, 2018 at 8:29am — No Comments
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…Continue
Added by Jeffrey Silver on October 16, 2017 at 7:55am — No Comments
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…Continue
Added by Jeffrey Silver on July 11, 2017 at 8:40am — No Comments
Added by Jeffrey Silver on July 10, 2017 at 8:21am — No Comments
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
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. …Continue
Added by Jeffrey Silver on January 10, 2017 at 12:10pm — No Comments
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…Continue
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…Continue
Added by Jeffrey Silver on December 1, 2015 at 8:15am — No Comments
|Property: Retirement home
Added by Jeffrey Silver on November 17, 2015 at 12:01pm — No Comments
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.…Continue
Added by Jeffrey Silver on November 17, 2015 at 11:57am — No Comments
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
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…Continue
Added by Jeffrey Silver on July 28, 2015 at 8:11am — No Comments
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…Continue
Added by Jeffrey Silver on July 14, 2015 at 8:14am — No Comments
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.…Continue
Added by Jeffrey Silver on June 9, 2015 at 11:51am — No Comments
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…Continue
Added by Jeffrey Silver on May 27, 2015 at 8:03am — No Comments
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. …Continue
Added by Jeffrey Silver on March 26, 2015 at 8:25am — No Comments
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…Continue
Added by Jeffrey Silver on June 25, 2014 at 6:45am — No Comments
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.
Senior Loan Officer
Kennedy Funding Financial, LLC
930 Sylvan Ave.
Englewood Cliffs, NJ 07632
Added by Jeffrey Silver on June 4, 2014 at 8:25am — No Comments