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Loan Criteria
Term: Our flexible loan terms are up to several years.
Prepayment: Kennedy Funding loans can be repaid at any time of the borrower's choice without penalty.
Use of proceeds: Kennedy Funding loans are typically granted for business purposes exclusively.
Loan to value: Loan amounts may be up anywhere from 50-65% of the disposition value of the collateral in question, based upon the estimated selling price over a 90-120 day marketing time. If the loan is intended to be used for renovation or construction, the loan amount could be based upon the improved value, and would then be disbursed in several stages.
Rates: Kennedy Funding rates vary from between 9-18% per year, interest only, based upon collateral and loan structure. Internationally, our rates vary from 12-21%, according to various country laws.
Equity: In lieu of equity participation, a fee of between 1 and 4% (U.S. only) of the final loan amount could conditionally be included in the loan.
Loan size: Kennedy Funding makes domestic loans from $1 Million up to $100 Million or more. Loans must be at least $5 Million USD
in the case of international loans.
Collateral: Usually real estate as well as other fixed or liquid assets.
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