News

  • Direct private lender closes two land loans in one week

    ENGLEWOOD CLIFFS, N.J. – It’s difficult enough to obtain a land loan. Add the COVID-19 pandemic into the mix, and the prospect seems downright impossible. Not so for New Jersey-based Kennedy Funding, announcing today that it has closed a $1.96 million land loan to Plaza Tierra Caliente, Inc., based in Fort Worth, Texas.

  • 101-acre site will be a “downtown” for the area, including retail, lodging, and a water park

    ENGLEWOOD CLIFFS, N.J. – A long-promised commercial center in Port Charlotte, Florida, will soon be underway, thanks to Kennedy Funding.

  • 31.28-acre Punta Gorda site is pre-approved for housing

    ENGLEWOOD CLIFFS, N.J., — Securing a land loan is difficult enough without a global pandemic curtailing lending activity. Despite these two major obstacles, Kennedy Funding continues to successfully close land loans across the U.S. and internationally.

  • There are lifelines to be found even as traditional lenders shrink their footprint

    The COVID-19 pandemic has radically changed the commercial real estate lending landscape as well as the outlook and predicted performance of these assets. Banks have pulled back and the lending market itself remains in flux.

  • Deep knowledge of Brazilian market establishes Kennedy Funding as go-to lender for the region

    ENGLEWOOD CLIFFS, N.J. – Securing funding for international projects is already difficult for borrowers, but bring an ongoing global pandemic and a challenging geopolitical situation into the mix, and the prospect seems all but impossible.

  • Direct private lender continues to close loans during the coronavirus pandemic

    ENGLEWOOD CLIFFS, N.J., – As the unprecedented COVID-19 pandemic continues to exert a firm chokehold on the global economy, New Jersey direct private lender Kennedy Funding is continuing to close loans in this challenging real estate environment.

  • A portion of the building to be utilized for COVID-19 testing and treatment

    ENGLEWOOD CLIFFS, N.J., – In the midst of an unprecedented global pandemic, and in the heart of one of the most challenging real estate markets in the United States, a New Jersey lender has successfully closed a loan for a medical facility as it expands its space to accommodate more healthcare providers.

  • Proceeds to purchase site of future Southern Living-branded hotel

    ENGLEWOOD CLIFFS, N.J., — Kennedy Funding, a global direct private lender based in Englewood Cliffs, New Jersey, announced that it has closed a $2.75 million loan to SLH Tuscaloosa, LLC. The borrower will use the proceeds toward the $5.5 million purchase of 38.7 acres of raw land along the northern banks of the Black Warrior River, which runs through Tuscaloosa, Alabama

  • Loan is the second closed by Kennedy Funding in Belize

    ENGLEWOOD CLIFFS, N.J. – Kennedy Funding continues to make its name as a leading international direct private lender, with the closing of a $3 million loan to Point Alegre Development in the Central American country of Belize.

  • George Town Developer looks to US Lender to fund remaining construction GEORGE TOWN, EXUMA, BAHAMAS – Kennedy Funding, a leading global, direct private lender, has closed a $3 million loan to Exuberant Development Inc. to complete construction for a residential community in George Town, located on Exuma Island in the Bahamas. Proceeds of the loan …

  • $1,050,000 loan on raw land closed in just 10 days

    ENGLEWOOD CLIFFS, NJ — Loans usually take months to close, but one Oklahoma developer only had to wait 10 days after accepting the loan offer, thanks to Kennedy Funding.

  • 46-acre lot pre-approved for residential development

    ENGLEWOOD CLIFFS, N.J. — Kennedy Funding, the Englewood Cliffs, New Jersey-based direct private lender, closed on a $1.575 million cash-out refinancing loan to Davis Ford Venture, LLC. The borrower plans to use the loan to pay off an existing first mortgage of $867,590 on land located at 5021 Davis Ford Road, while the remainder will be used for working capital.

  • Funds to be used for building upgrades

    ENGLEWOOD CLIFFS, N.J. — 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 city.

  • Funds to be used for debt payoff, working capital

    ENGLEWOOD CLIFFS, N.J. — Kennedy Funding, an Englewood Cliffs, New Jersey-based direct private lender, announced that it has closed a $3 million loan to Tacoma, Washington-based TCC RE Holdings, LLC.

  • Private lenders can help brokers overcome the obstacles of international deals

    Imagine you have a client with 12 acres of highly sought-after waterfront property in Barbados who wants to develop a residential high-rise building. Or maybe you have a client with an opportunity to buy a promising but struggling strip mall in Jamaica, but the auction is next week, and they need $5 million to even be in the running.

  • Funds to be used for working capital by leading global forensics investigation firm

    ENGLEWOOD CLIFFS, N.J. – Kennedy Funding, an Englewood Cliffs, New Jersey-based global direct private lender, today announced that they closed a $3.2 million loan to Reynolds Estates, LLC.

  • ENGLEWOOD CLIFFS, N.J. – Kennedy Funding, an Englewood Cliffs, New Jersey-based global direct private lender, today announced that they closed a $2.4 million loan to Gaddis Custom Building, LLC, a developer in Casper, Wyoming. The borrower will use the proceeds of the loan to pay off existing debt and to fund the infrastructure for 45 residential lots on a 220.93-acre property, a subdivision of Casper’s Heritage Hills housing development.

  • Borrower plans to build housing in major Colombian city

    ENGLEWOOD CLIFFS, N.J. — Kennedy Funding, a direct private lender based in Englewood Cliffs, New Jersey, announced a $2.75 million loan closing in Colombia, the newest country to be added to the direct private lender’s robust international portfolio.

  • Loan amount is 38% more than the property purchase price

    ENGLEWOOD CLIFFS, N.J. – It’s not often that a borrower receives a loan in excess of the purchase price, but for one California developer, the conditions were just right.

  • Borrower American Land Development returns to the direct private lender for a second loan in the rebounding oil region

    ENGLEWOOD CLIFFS, N.J. – There’s good news for real estate developers and owners in the oil-rich Bakken Formation in North Dakota and Montana. Crude oil production has started to grow again and higher oil prices have prompted drillers to grow production. And that also attracts one private lender, in particular, one who is very active in the area.

  • Lot is zoned for mixed-use development with up to 750 housing units

    ENGLEWOOD CLIFFS, N.J. — Kennedy Funding Financial, the Englewood Cliffs, New Jersey-based direct private lender, closed on a $3.185 million refinancing loan to SML Seattle Modern Living at Redondo, LLC.

  • Property in Williamsburg neighborhood slotted to become 8-unit walk-up apartment building

    ENGLEWOOD CLIFFS, N.J. – A property that sat empty for a decade in one of New York City’s hottest neighborhoods will now become housing.

  • Direct private lender closes on a property in small rural neighborhood of 5,000 residents

    ENGLEWOOD CLIFFS, N.J. — Kennedy Funding Financial, an Englewood Cliffs, New Jersey-based direct private lender, today announced that they closed a $1.35 million loan to Plaza Mexico, a grocery store and taco stand in Winter Haven, Florida. Plaza Mexico plans to use the funds to pay off existing debt and provide funds for site work, including an expansion of their 12,000-square-foot grocery store.

  • Milestone cements firm’s position as one of the largest direct private lenders in the United States

    ENGLEWOOD CLIFFS, N.J. – For the past 30 years, the principals at Kennedy Funding Financial have turned hundreds of commercial real estate loan applications into approvals. That steadfast commitment to the borrower’s success has cemented their status in the financing industry as one of the largest hard money lenders in the United States, surpassing $3 billion in closed loans.

  • Direct private lender steps up to the plate while traditional lenders dodge investing in the Great Lakes State

    ENGLEWOOD CLIFFS, N.J. – An empty 55-acre parcel of land in Macomb Township, Michigan may appear to be a risky investment to the average financing institution, but Kennedy Funding Financial didn’t see a challenge — they saw an opportunity to invest in a thriving community.

  • Caribbean loan, secured after seven years of stalled refinancing efforts, required collaboration between seven attorneys in three countries

    ENGLEWOOD CLIFFS, N.J. – Most loans take a few weeks or months to close and only involve one locale and a small handful of professionals. Not so for Jamaica World, which recently closed on a debt restructuring loan which took seven attorneys in three countries to finalize.

  • 16-home subdivision acquired with bridge financing from NJ direct private lender

    Midway, Utah — Kennedy Funding Financial, an Englewood Cliffs, New Jersey-based direct private lender, announced that it has closed a $1,032,000 land loan to Saint-Prex Estates, a Utah-based residential property developer.

  • NJ-based private lending firm successfully navigated challenges to dealership location and property type

    CARROLLTON, KY – Kennedy Funding Financial, an Englewood Cliffs, New Jersey-based direct private lender announced that it has closed a $1,000,000 loan to Herb Kinman Chevrolet, a new car dealership in Carrollton, Kentucky. The loan will be used for working capital and to allow for the purchase of additional cars.

  • 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 announced that it 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.

  • Working Capital to be used for the opening of new upscale eatery, the Mebane Steakhouse near Raleigh, North Carolina

  • EBANE, N.C. — Transforming the site of a city landmark is no easy task. That didn’t deter Kenny and Elizabeth Knight. They had a dream of bringing a new eatery to the now vacant location of what was once a local favorite establishment. Their only major obstacle was securing the needed funds to make it a reality. Enter Kennedy Funding Financial. Their land loan and the Knights’ vision has whet the appetite of people throughout the area.

  • Working Capital to be used for the opening of new upscale eatery, the Mebane Steakhouse near Raleigh, North Carolina

    MEBANE, NC – Transforming the site of a city landmark is no easy task. That didn’t deter Kenny and Elizabeth Knight. They had a dream of bringing a new eatery to the now vacant location of what was once a local favorite establishment.

  • $860,000 bridge loan to be used for working capital for 22-parcel project on Long Island

    ENGLEWOOD CLIFFS — Securing financing for a development project with only raw land as collateral has become more difficult in recent years thanks to a combination of stricter government regulations such as the Dodd-Frank act on lenders, and traditional financial institutions becoming more conservative in their lending practices.

  • Kennedy Funding Financial closes the deal when traditional lenders close the door

    ENGLEWOOD CLIFFS, NJ – After 30 years in the mortgage business, not much can surprise Larry Michaelessi.

  • Loan proceeds to be used for working capital for a new 148-bed memory care facility

    Englewood Cliffs, New Jersey – Kennedy Funding Financial, a direct private lender based in Englewood Cliffs, New Jersey has closed on a $1.705 million loan to EW Acquisition LLC. The loan proceeds will be used for working capital and to fund infrastructure improvements at The Seasons at East Windsor, a proposed 121-unit/148-bed assisted living facility located at 359 Princeton Road in East Windsor, New Jersey.

  • Community value doubles after rezoning to 175 apartments and 57 townhomes

    Suitland, Maryland – The principals of Bedford Crest, LLC knew they were on to something big when they entered into contract to purchase 10.66 acres of raw land in Suitland, Maryland in 2014 for $900,000. They had one of the best land sites in the area at Old Branch Road, a location near Andrews Air Force base and the Census Bureau which employees 8,000. In close proximity are also the Capital Beltway (I-495) and the Suitland Metrorail facility.

  • Land loan to be used for the purchase of a to-be-built upscale hotel and hostel in Bywater

    Englewood Cliffs, NJ – Turning the property of an old seafood plant into a luxury hotel might scare the pants off some lenders, but not Kennedy Funding Financial.

    The Englewood Cliffs, New Jersey-based direct private lender, announced that it has closed a $1,525,000, 2-year loan to Pelican Royal, LLC. The loan will be used to purchase a 40,000 sq. ft. lot formerly housing a seafood processing plant in the Bywater neighborhood of New Orleans, Louisiana.

  • Funding is secured by nearly 59 acres targeted for residential development

    Englewood Cliffs, NJ – Kennedy Funding Financial LLC has closed on a $1,108,800 loan for a 58.8-acre development site in Cedar City, Utah, announced Kevin Wolfer, CEO of the Englewood Cliffs, NJ-based direct private lender. The two-year, interest-only funding was secured by Coral Reef Enterprises, which is in contract to purchase the property for $3.95 million.

  • Property is cleared for development of 162,000 square feet of commercial/residential

    Colchester, CT – Kennedy Funding Financial (KFF) has closed a $1.6 million loan for a 16-acre development site in Colchester, announced Kevin Wolfer, CEO of the Englewood Cliffs, NJ-based direct private lender. The property is situated in southeastern Connecticut’s New London County.

  • 6&3 Program Offers a Lower Rate from One of the Country’s Largest Direct Lenders

    Englewood Cliffs, NJ – Kennedy Funding, well-known nationally as a high-end direct private lender, has introduced a innovative new lower-rate lending program focused on specific property types. The 6&3 Lending Program is now in place for multifamily properties, shopping centers, offices, and “other qualified properties,” said Kevin Wolfer, CEO of the Englewood Cliffs, NJ-based firm.

  • Rhode Island property is cleared for mixed-use, transit-oriented development

    Englewood Cliffs, NJ – Kennedy Funding Financial, has completed a $1.8 million loan secured by a development site in North Kingstown, Rhode Island, announced Kevin Wolfer, CEO/President of the Englewood Cliffs, NJ-based direct private lender. The borrower was property owner CIOE A34, LLC.

  • The financing was utilized to complete the acquisition of a two-site container operation

    Englewood Cliffs, NJ – Kennedy Funding Financial LLC has closed a $1.65 million loan for commercial nursery properties in Florida, announced Kevin Wolfer, CEO of the Englewood Cliffs, NJ-based direct private lender.

  • Loan proceeds utilized for renovation and new construction of motor club facility

    Englewood Cliffs, NJ – It isn’t often that you’ll find a lender willing or able to provide a multi-million dollar loan for a car collector’s garage.

  • Retirement community will consist of 126 independent living units in Lakeshore, Ontario

    Englewood Cliffs, NJ – It took the vision, resources and creative expertise of Kennedy Funding Financial, the nation’s largest direct private lender to help a $16 million retirement project get off the ground.

  • Proceeds will pay off an existing mortgage and secure a first lien

    Englewood Cliffs, NJ – Kennedy Funding Financial LLC (KFF) has completed a $3.41 million loan secured by a multi-building industrial facility in Franklin County, PA, announced Kevin Wolfer, CEO of the Englewood Cliffs, NJ-based direct private lender.

  • Site is situated on the North Dakota border within the oil-rich Bakken Formation

    Englewood Cliffs, NJ – Kennedy Funding Financial LLC has closed a $1.41 million loan to American Land Development-Sidney, LLC, owner of a 22.59-acre development site along E. Holly Street in Sidney, Montana, announced Kevin Wolfer, CEO of the Englewood Cliffs, NJ-based direct private lender. The three-year interest-only loan will be serviced by Kennedy Funding Financial.

  • Proceeds will be utilized as working capital for additional investment

    Englewood Cliffs, NJ – Kennedy Funding Financial LLC (KFF) has completed an $880,000 loan to Houston, Texas-based Sleep Shop & Bunk Bed World, announced Kevin Wolfer, CEO of the Englewood Cliffs, NJ-based direct private lender. The source of the financing for the two-year, interest-only loan is Sleep Shop Lender LLC, and the loan will be serviced by KFF or one of its affiliates.

  • Lifestyle Healthcare Group is approved for a 385,000-square-foot complex in Pennsylvania

    Englewood Cliffs, NJ – Kennedy Funding Financial LLC has completed a $3.5 million loan for Lifestyle Real Estate I, LP, announced Gregg Wolfer, COO of the Englewood Cliffs, NJ-based direct private lender. The borrower is an affiliate of Lifestyle Healthcare Group (LHG), and the collateral is a 10.31-acre tract of vacant land in Bensalem Twp., Bucks County, PA. LHG has received approval from the township for a $185 million medical office campus.

  • Citing borrower’s resources, funding carries an unprecedented 8% interest rate

    Englewood Cliffs, NJ – Kennedy Funding Financial LLC has arranged a $3.2 million loan backed by a $15 million Manhattan penthouse condominium, announced Gregg Wolfer, COO of the Englewood Cliffs, NJ-based direct private lender.

  • Collateral is a 209-acre tract currently zoned for mixed-use development

    Long Beach, MS – Kennedy Funding Financial LLC has closed a $1.775 million loan backed by a 209-acre development site in Long Beach, MS, announced Gregg Wolfer, Chief Operating Officer of the Englewood Cliffs, NJ-based direct private lender. The two-year, interest-only funding was obtained by Castine Pointe, LLC.

  • Silver Creek Apartments will total 140 modular units after phased build-out

    Watford City, North Dakota – Kennedy Funding Financial, LLC has closed a $3.5 million loan to DFH Watford, LLC, announced Kevin Wolfer, president and CEO of the Englewood Cliffs, NJ-based direct private lender. The three-year, interest-only financing is secured by Silver Creek Apartments in Watford City, ND.

  • Site is occupied by the multi-building Circle G Ranch once owned by ‘The King’

    Horn Lake, Mississippi – The famous ‘Circle G Ranch’, once known as the Elvis Ranch after music legend Elvis Presley, has been purchased.

  • One parcel is scheduled to be sold, the remainder slated for mixed-use development

    Englewood Cliffs, NJ – Kennedy Funding Financial, LLC Financial has completed a $5.28 million loan by Tulare Lender, LLC to Tulare Bethel Housing, Inc., an affiliate of the Bethel Assembly of God in Tulare, California. The three-year interest-only financing is secured by a first lien on two parcels of land totaling 33.74 acres in Tulare. The property is in central California’s Tulare County.

  • Waterfront site was once the family compound and estate of the Parker Brothers of Monopoly fame

    Englewood Cliffs, NJ – Kennedy Funding Financial, LLC has completed a $5.17 million loan by Grand Pointe Lender Ltd. to borrower Grand Pointe Investments, Ltd. The four-year-interest only financing is secured by four oceanfront residential parcels with five residences and additional land, altogether totaling 15.5 acres, on Man O War Cay, Sea Glass Found, Abaco, Bahamas. Each of the five residential parcels consists of a main residence and a guest cottage.

  • Business park’s 96 acres is poised to take advantage of state’s accelerating oil boom

    Englewood Cliffs, NJ – Kennedy Funding Financial, LLC has completed a $2.4 million loan on behalf of Mirriah Lender, LLC to Mirriah Business Park, a 96-acre industrial property in Killdeer, ND. Collateral for the three-year, interest-only funding is a first lien on the remaining 23 land parcels within the park, situated at 107th Avenue NW and Route 22 in Killdeer.

  • Proceeds will be used for working capital and improvements to the 60.48-acre beachfront site

    Englewood Cliffs, NJ – Atlantic Ocean Partners has received a $1.5 million, three-year, interest-only loan from Kennedy Funding Financial, LLC for a 60.48-acre oceanfront tract located in Diamante Beach, Province of Trinidad Sanchez, Cabrera, Dominican Republic. The horseshoe-shaped site consists of six contiguous lots surrounding a local community beach on the outskirts of the town of Cabrera.

  • The 35.9-acre waterfront tract has been re-zoned for multi-use development

    Englewood Cliffs, NJ – Kennedy Funding Financial, LLC, based in Englewood Cliffs, has completed a $1.175 million loan for the 35.9-acre Georgetown Landing waterfront tract in Jacksonville, Onslow County, NC. The three-year, interest-only funding was obtained for Georgetown Landing, LLC.

  • The 4.2-acre site is set for renovation and redevelopment

    Englewood Cliffs, NJ – Kennedy Funding Financial, LLC, one of the nation’s largest direct private lenders, has completed a $2 million loan for a 4.2-acre commercial property in Belleville, New Jersey. The three-year, interest-only financing was obtained for Belleville Development Group, LLC.

  • Funding will be utilized to complete site improvements

    Englewood Cliffs, NJ – Kennedy Funding Financial, LLC, one of the nation’s largest direct private lenders, has completed a $3.87 million loan for two industrial parcels in Jacksonville, FL in a refinance development transaction. The financing, obtained by Keystone Investments, LLC, carries an interest-only term of three years.

  • Funding will support improvements to Tampa area properties

    Englewood Cliffs, NJ – Kennedy Funding Financial, LLC, one of the nation’s largest direct private lenders, has completed a $2.55 million, four-year, interest-only refinancing for a four-property land portfolio in Hillsborough County, Fla., in the Tampa metro area. The borrower was Spencer Farms, Inc., which currently leases out most of the portfolio for agricultural purposes.

  • Englewood Cliffs, NJ – Kennedy Funding Financial, LLC, one of the nation’s largest direct private lenders, has completed a $1,571,385 note purchase on behalf of a limited liability company formed prior to closing. The collateral is a first lien on the 13,315-square-foot, one-story Mar-Bre Building, a fully-leased office building in Warren, Michigan. The loan will be serviced by Kennedy Funding Financial, LLC on behalf of the limited liability company.

  • Englewood Cliffs, NJ – Kennedy Funding Financial, LLC, one of the nation’s largest direct private lenders, has completed a $5,300,000 note payoff for Whitewater Trade Center, a 142,000-square-foot community shopping center in Connersville, Indiana. The three-year interest-only loan was made to borrower Whitewater Center, LLC.

  • Funding provides working capital for 235,000-square-foot facility in Oregon

    Englewood Cliffs, NJ – Kennedy Funding Financial, LLC, one of the nation’s largest direct private lenders, has completed a $1.25 million loan for a vacant industrial property in Sheridan, Oregon. The three-year, interest-only instrument will provide working capital to fund improvements for the repositioning of 888 SE Sheridan Road in Sheridan, a 235,000-square-foot former manufacturing facility.

  • Loan paid off an existing first lien on Fairfield Square

    Englewood Cliffs, NJ – Kennedy Funding Financial, LLC, Inc. has completed a $2.338 million loan for Fairfield Square Shopping Center, a 99,345-square-foot grocery-anchored retail property in Winnsboro, SC. The financing, obtained by Fairfield Square, LLC, carries a three-year, interest-only term and paid off an existing loan on the property.

  • Loan will Re-start Construction of Stalled New York City Project

    Englewood Cliffs, NJ – Kennedy Funding Financial, LLC, Inc., one of the nation’s largest direct private lenders, has completed a $1.9 million loan for an under-construction residential condominium project in New York City. The financing, obtained by Fountainhead Financial Resources, LLC, carries an interest-only term of three years, and will re-start construction of the project.

  • Loan Covers 166,000 Square Feet of Properties in Florida and Georgia

    Englewood Cliffs, NJ – Kennedy Funding Financial, LLC has completed a refinancing of a portfolio of three retail properties in the Southeastern U.S. The financing covers a total of more than 166,000 square feet of properties in Florida and Georgia.

  • Englewood Cliffs, NJ – Kennedy Funding Financial, LLC, Inc., one of the nation’s largest direct private lenders, has closed on a $2.8 million note purchase and on a $1.2 million refinancing/construction loan. The transactions include a retail property in Oklahoma and a residential condominium in Illinois.

  • Englewood Cliffs, NJ – Kennedy Funding Financial, LLC, Inc., one of the nation’s largest direct private lenders, has closed on a $2.8 million note purchase and on a $1.2 million refinancing/construction loan. The transactions include a retail property in Oklahoma and a residential condominium in Illinois.

  • Ambitious, Long-Term Plan Calls for 10,000,000 Sq. Ft. Development on Site Bigger Than the World Trade Center

    Philadelphia, PA — Kennedy Funding, the industry’s leading direct private lender headquartered in New Jersey, has closed a $20 million loan to World Acquisition Corporation for a real estate purchase in Philadelphia, Pennsylvania.

  • 476-unit resort community land loan closes in just one week

    It took only seven days to close a timely $12 million loan from Kennedy Funding, a direct private lender based in New Jersey. Shores of Paradise, LLC has acquired an 11.979-acre tract of land in Biloxi, Mississippi, for a 476-unit resort community.

  • The American Southwest is booming and the Tucson, Arizona area is no exception due to real estate developer Stephen Phinny. His vision of turning 1,035 pristine acres of wilderness into a spectacular 180-unit luxury home community will now continue at an accelerated pace.

  • With an impressive $40 million loan from Kennedy Funding, a direct private lender based in New Jersey, Buena Vista Corporation has made a strong move into the active Orange County, Florida, real estate market.