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