Jeffrey Silver's Blog – July 2015 Archive (2)

Completed Construction Loan In Canada

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…

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Added by Jeffrey Silver on July 28, 2015 at 8:11am — No Comments

Kennedy Funding closes on $3,410,000 industrial park

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…

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Added by Jeffrey Silver on July 14, 2015 at 8:14am — No Comments

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