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…Continue
Added by Jeffrey Silver on January 24, 2019 at 12:58pm — No Comments
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…Continue
Added by Jeffrey Silver on January 15, 2019 at 11:56am — No Comments