No two loans are ever the same. 

If we’ve learned only one thing in the private lending sector, it’s that every single loan is unique, with its own set of circumstances and requirements.  And it’s Kennedy Funding’s goal to address each and every one and arrive at a satisfactory solution.  As a result, we’ve funded everything from golf courses, to resorts, to casinos, to amusement parks.  Below are some examples of the way we bring our expertise to every loan we manage.


Lawsuits, Complaints, and Fraud – All Good Reasons for a
Kennedy Funding Loan

Hackensack, NJ, April 8, 2008 Kennedy Funding started in 1987 with a desire to offer borrowers a viable alternative to the traditional lending institutions. Instead of having to wait weeks or even months for a loan from the banking industry, Kennedy provided borrowers with two important elements that forever changed that scenario: speed and flexibility. Working with Kennedy Funding, it was now possible to close a loan in days, with approvals in a scant 24 hours, and loan amounts from $1 million up to $100 and more.

Kennedy Funding provides equity-based commercial loans for a variety of uses. Typically, they are used for commercial land acquisitions, development, construction, refinancing, workouts, bankruptcies, and foreclosures. But there is yet another area where such a loan can prove to be invaluable – the legal arena.

If you are involved in an expensive legal situation, including a lawsuit, complaint, or fraud, a Kennedy Funding loan can make all the difference.

The Problem is Litigation Expense. The Solution is Kennedy Funding.

We live in a litigious society. For better or worse, that is the reality we all face. It has been estimated that over 15 million lawsuits will be filed in U.S. state courts this year alone, or one new lawsuit every two seconds. The threat and reality of being sued by just about anyone, for just about anything, is altering how Americans go about their business. And, unfortunately, in a nation where the notion that ‘we all have a right to sue’ holds sway, this situation is unlikely to change any time soon.

However, there is hope for funding those legal entanglements when and if they arise. A loan from Kennedy Funding can help defray the spiraling legal costs that seem to increase exponentially over time. As a borrower, you are free to use the loan proceedings in any way you see fit, and helping to defray exorbitant legal expenses is certainly a prudent use of funds. Use it to pay attorney fees, court costs, judgments, fines, or anything else related to a legal affair, such as a lawsuit, a complaint, or a matter involving fraud.

If you are in need of funding for a legal issue, contact Kennedy Funding today. It’s a very sound decision.

Kennedy Funding Gains $200 Million Securitization from Fortis Bank
'Superpower' Lending Capacity Now Extends into the Billions

Hackensack, NJ, January 25, 2007 - Kennedy Funding, one of the industry's largest direct private lenders, has announced that it has secured a $200 million securitization from Fortis Bank, an international financial services provider engaged in banking and insurance. Headquartered in Europe, Fortis offers private, business, and institutional clients a comprehensive package of products and services through their own channels, in collaboration with intermediaries and through other distribution partners. With a market capitalization of EUR 42 billion (USD 54.7 billion), Fortis ranks among the twenty largest financial institutions in Europe. Their sound solvency position, their presence in 50 countries and their dedicated, professional workforce of 59,000 enables them to combine global strength with local flexibility and provide clients with outstanding support.

Jeffrey Wolfer, President and co-CEO of Kennedy Funding, speaking about the recent alliance from his headquarters in Hackensack, NJ, said, "Under this new arrangement with Fortis, we now have the opportunity to make substantial inroads into the capital market, while making significantly greater funds available to our clients, at even more favorable rates."

He further observed that Kennedy's reputation for rapid closing and delivery of funds could only be enhanced by the new arrangement. "We've always been fast," he said, "and now, with the world-class funding sources of Fortis behind us, there's virtually nothing to prevent us from providing funds on an 'immediate' basis, given the right situation. In addition, our capacity to make more loans is significantly improved."

Kennedy Funding remains the borrower's best option for loans that do not meet the restrictions and requirements of traditional lending institutions. Such deals include raw land loans (both domestic and international), and a broad range of commercial enterprises, from golf courses and hotels to resorts and mixed-use communities. The loan process at Kennedy will continue as it is, namely quick assessments, due diligence, and a deep, abiding respect for the underlying value and unconventional nature of an undertaking. "We go where the banks and other conventional sources can't -- or won't," added Wolfer. "We're known as the lender that makes the impossible look suddenly possible. Now, with the new alliance with Fortis, that's truer than ever."

For their part, Fortis gains the opportunity to continue entering new markets and asset categories, while maintaining their excellent track record on behalf of the investors, funds, and corporate entities they represent. The association is a win-win-win situation for Kennedy Funding, Fortis, and the investors, borrowers and brokers looking for appropriate and available funding.

Kennedy Funding, the industry's leading direct private lender, is headquartered in Hackensack, New Jersey. Kennedy's streamlined evaluation process gives them the ability to issue loan commitments in as little as 24 hours, with closings in as little as five days, and often in no more than two weeks. Professionals including land-use developers, resort builders, entrepreneurs, and prominent businessmen have used the services of Kennedy Funding to great success. They can fund up to 65% loan-to-value for commercial land development, acquisitions, workouts, refinancing, bankruptcies, and foreclosures.

Kennedy Funding's $4.2 Million Loan Helps Developer Refinance Property Lender's 2nd Loan to Ocean Atlantic/PFG-Westbury, LLC Keeps Project Moving Forward

Yorkville, IL, August 7th, 2006 - John Carroll of Ocean Atlantic/PFG-Westbury, LLC was refinancing a 64-acre parcel of land, part of a 300-acre development known as East Village at Westbury in Yorkville, Illinois. The development will eventually have 252 single-family lots, 569 townhome lots, 33.81 acres of commercial land, a clubhouse, 56.45 acres of open land, and a 15-acre high school. There were some issues, however. The collateral property was in the far northern part of the development, and the other parcels would possibly have to be developed first. In addition, there was a compost facility near the property that caused environmental concerns. So it would be difficult to find a lender to finance it -- had it not been for Kennedy Funding.

Kennedy Funding, headquartered in Hackensack, New Jersey, is a direct private lender that brings speed and flexibility to the table. Their unique lending program has made them the largest direct situational lender in the country. And Kennedy had already closed a previous loan with Ocean Atlantic/PFG earlier in the year year, so John Carroll knew that Kennedy could conceivably help him out again. He proved to be right.

According to Jeffery Wolfer, President and co-CEO of Kennedy, "We were able to help Ocean Atlantic/PFG out not once, but twice. That's typical of the kind of recurring, long-standing relationships we have with our clients. In both instances, John needed a solution to a complex loan situation and, as it happens, we're in a position to provide just that. We recognize that loans must often be structured around each client's unique set of financial circumstances. So we specialize in creative funding solutions and attentive service, which was exactly what Ocean Atlantic/PFG needed."



$2.9 Million Loan from Kennedy Funding Helps Niagara Falls Investor Get His Feet Wet in the Hotel Business

HACKENSACK, NJ, July 24, 2006 - Daniel Lee of Speed Group, Inc. could spot a great deal when he saw one. He saw the Falls Plaza Hotel in Niagara Falls, Ontario, Canada being sold at auction, and knew he had to have it. The 1.59-acre parcel has a 113-room, 11-story tower hotel, a 32-room, two-story motel, and a 403-seat restaurant. Situation on Ferry Street, the property runs parallel to the Niagara River. Lee intended to re-sell the property soon, do some refurbishing and cosmetic work and then sell it, or complete the makeovers and run it himself until selling. Now Lee needed was get an acquisition loan to complete the deal and get things moving.

But finding a lender to fund Mr. Lee's acquisition wasn't easy. There were contractual issues with the seller of the hotel, and some building structural concerns which had to be addressed. Luckily, Lee was put into contact with Kennedy Funding through Meridian Capital Group, a leading mortgage firm that brokered the $2.9 million loan. Emanuel Westfried, the Meridian broker, said, "I had worked with Kennedy once before, and I knew what they could do. For a deal like this one, taking place out of the country, with several issues, most lenders wouldn't have even gotten involved. But we knew Kennedy could deal with the problems, close the deal, and close it quickly, so we didn't hesitate to go back to them. And they did it."

Jeffrey Wolfer, Kennedy Funding President and co-CEO, said, "We've distinguished ourselves in two distinct areas: flexibility and speed. We saw a need in the marketplace for creative financing that could overcome the obstacles imposed by traditional lending institutions and conventional loan requirements. We're known as being able to close some of the toughest loans out there, and quickly. The Speed Group, Inc. deal was a case in point. There were some issues to be dealt with, but the Niagara Falls area is a popular summer vacation destination, there will always be a market for reasonably priced hotel rooms geared towards families, and Lee got the property for a good price. We had no problem making the deal."

Daniel Lee was also pleased. "Kennedy Funding understood the complications in the loan very well. They were very knowledgeable about every aspect of the deal, in fact. There was a good synergy between everyone involved, from beginning to end, and we're very happy with their professionalism -- and with the hotel."



$7.8 Million Loan from Kennedy Funding Helps Purchase a 403-Acre Parcel in Maryland
Just Two Weeks Needed for Raw Land Loan

Hackensack, NJ, June 08, 2006 - 403 acres is a lot of raw land. Which is just what Richard DeVincentis and Larry Higgins of Porter Mill Road Properties, LLC were looking at in Hebron, Wicomico County, Maryland. They pictured having it approved for a mixed use community, then selling pads to individual developers. They estimated that the project would have up to 2,400 residential units, offices and apartments, single-family homes, estate homes, school, condos, age-restricted villas, medical offices, assisted living, senior apartments, even commercial areas.

To complete the deal, Porter Mill Road Properties needed a loan, and were using the raw land as collateral. But as the purchase date drew nearer, the bank began to renege, saying that restrictions and red tape were making the deal unviable. So Porter Mill Road needed a loan predicated on raw land, and needed it fast.

Kennedy Funding, a direct private lender in Hackensack, New Jersey, saw no difficulty in using raw land as collateral. "We're somewhat unusual, in that we actually thrive on raw land deals," said Jeffrey Wolfer, Kennedy co-CEO. "And savvy business people know to look for alternative money sources like us. Porter Mill Road Properties was a good business transaction for both of us, especially with the borrowers bringing $6 million to the table. We closed the Porter Mill Road Properties deal in just two weeks, and that was with Memorial Day thrown in. A bank loan would've taken weeks or even months."

The $7.8 million loan was brokered by Weichert Commercial Brokerage, a noted mortgage brokerage company. Ed Laurite, the Weichert broker, said, "I appreciate all the positive help Kennedy Funding gave to get this transaction to the closing table and funded. I am certain we will have additional business together in the future."



$9 Million Loan from Kennedy Funding Helps Developer's Florida Plans

Hackensack, NJ, May 22, 2006 - Elias Brothers Communities Three, Inc., of Naples, Florida saw the two-parcel, 308-acre parcel of land on Kings Highway in Desoto County dotted with homes that they wanted to build. They thought that the property, which included lakes and ponds, would make the perfect Florida community. And they had a contract with the seller for over a year to buy the land, and were beginning to make plans.

There were two problems that had to be solved. One, the property value had increased, and the sellers were not granting any extensions to close. In addition, contract terms required Elias Brothers to close on a set date. Two, in order to fulfill the time constraints, Elias Brothers needed a loan to complete the sale. The only collateral, though, was the parcel in question, which was raw land. But who would be both willing and able to grant a loan fast, while accepting raw loan as collateral? The dilemma was real. Fortunately, Elias Brothers met with Kennedy Funding.

Kennedy Funding, a direct private lender in Hackensack, New Jersey, is known for flexibility and speed. According to Kennedy president and co-CEO Jeff Wolfer, "Situational lenders have to be creative in their approach. Most banks and conventional lenders are hesitant to consider raw land as collateral, but we embrace it. We routinely make commitments in days, even with just the raw land as the only collateral, which reflects, we believe, the kind of speed and flexibility necessary in today's market - and which few besides Kennedy can deliver."

After due diligence and other requirements, Kennedy made Elias Brothers a $9 million loan, and Elias Brothers are ready to move forward with their plans. Whichever plan is finally selected, Elias Brothers remains up-beat. Wolfer concurs: "The real estate market for inland properties in Florida has boomed in the past year. Developers have moved inland, buying up large tracts of virgin, pasture, and farm land. Consequently, prices in these targeted areas have jumped to multiples of their former values of only a few years ago. We don't see Elias Brothers encountering any major problems whatsoever."