Kennedy Funding closes loan in Jamaica
$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, Jamaica — Kennedy 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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