Jeffrey Silver's Blog – November 2015 Archive (3)

Kennedy Funding closes another loan in Canada

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