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Kennedy Funding Closes $1.96 Million Land Loan for Texas Rodeo and Event Center

Oct 06, 2020•almost 5 years ago

Amount Raised

$1 Million

Round Type

seed

Englewood Cliffs

Description

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.

Company Information

Company

Kennedy Funding

Location

Englewood Cliffs, New Jersey, United States

About

Kennedy Funding is a global direct private lender specializing in bridge loans for commercial property and land acquisition, development, workouts, bankruptcies, and foreclosures. Kennedy Funding has closed more than $3 billion in loans to date. The firm's creative financing expertise provides funding up to 75% loan-to-value, from $1 million ($3 million international) to more than $50 million in as little as five days. The company has closed loans throughout the United States, the Caribbean, Europe, Canada, and Central and South America.