Kennedy Funding is a prominent direct private lender specializing in commercial real estate loans. Having closed more than $4 billion in loans, they have developed a solid reputation in the industry as a fast and flexible provider of financing solutions. Whether you are looking fo funding to acquire land, construct a building, or refinance distressed property, Kennedy Funding prides itself on speedy approvals and competitive loan terms.
In this blog post, there will be an in-depth analysis of Kennedy Funding covering such things as the services offered, features that make it stand out, loan processing, past legal cases and FAQs.
What is Kennedy Funding?
Kennedy Funding is a direct private lender that offers real estate financing solutions for borrowers who may not qualify for traditional bank loans. The aim for founding Kennedy Funding was to provide fast and flexible funding-a position it occupies in the real estate market that has made it the mainstay lender for investors, developers, and business owners seeking alternative financing options.
The main difference between traditional banks and Kennedy Funding is asset-based loans, meaning that loan approvals are based on the value of the property that the borrower uses as collateral rather than on his or her credit history. This is an ideal choice for applicants who need speedy access to capital.
Core Services Provided by Kennedy Funding
Kennedy Funding provides various loan types to meet different real estate financing needs, including:
- Bridge Loans-a short-term loan to provide funding while waiting for permanent financing.
- Land Loans-funding for raw or undeveloped land purchases.
- Construction Loans-loans to finance new construction projects.
- Acquisition Loans-capital for purchasing commercial or residential properties.
- Bankruptcy and Foreclosure Loans-special financing for distressed properties and borrowers facing foreclosure or bankruptcy.
Kennedy Funding provides great flexibility, matched by a proven track record and repute across the different kinds of real-estate that you would want to finance.Â
Central Peculiarities of Kennedy Funding Loans
- Quick Approvals and Closings – This type of lending is characterized by fast processing of loans. Kennedy Funding usually takes a few days from approval to closing.
- Flexible Loan Terms – For Kennedy, loans are designed to suit the borrower’s demands whilst banks have stringent ones.
- Very high loan-to-value (LTV) ratios – Provides up to 75% LTV, which means borrowers can get more money.
- International Lending – Not only does Kennedy Funding lend in the U.S., but it also lends to Canada, the Caribbean, Europe, and Central America.
- Asset-Based Lending – The repayment is usually predicated on collateral value rather than a borrower’s financial history.
Such features make Kennedy Funding a perfect option for those who may never qualify for traditional financing, but are looking for equity partnerships with serious capital sources for their real estate projects.
Recent Closings by Kennedy Funding
Kennedy Funding has financed many real estate ventures. Recent closings include:
- Residential development project in Villa Montellano: $1.7 million land loan.
- Apopka, Florida property acquisition loan: $3.375 million approved.
- $7.5 million land acquisition loan to finance a real estate project in Santa Rosa Beach, Florida.
- $40 million to initiate their ongoing mixed-use development in Orlando, Florida.
- Successful closings of this nature showcase the ability of Kennedy Funding to provide financing on projects, big and small, of various complexities.Â
Legal Considerations and Noteworthy Cases
Even though Kennedy Funding has the proper repute, there have been a few legal disputes culminating from their loan contracts. A very interesting case involves:
- Construcciones Haus Soceidad v. Kennedy Funding Inc. – This was a dispute over a loan commitment regarding the construction project in Mexico.
- Disputes arising in the finance industry are rarely challenging for borrowers; borrowing parties are needed to conduct extensive due diligence every time on loan agreements to be signed.
Acquisition of a Loan from Kennedy Funding
The process of getting a loan from Kennedy Funding is simple. This is how it goes:
- Application Submission – The borrower submits a loan application indicating his/her financial need and the property development project.
- Proposal Review – Kennedy Funding gets a chance to review the application and assesses the project feasibility.
- Term Sheet Issuance – If the project is approved, a term sheet is sent in, indicating the details of interest rates, repayment terms, and fees.
- Due Diligence Process – Kennedy Funding kicks off with property appraisals and reviewing financial documents concerning the specified project.
- Loan Closing – Once the above process is satisfactorily done, money is disbursed to the borrower.
By simplifying the entire process, the borrower gets access to the funds sought with no long delays in approval.Â
Why Kennedy Funding?Â
Kennedy Funding has speed, flexibility, experience, and a far-reaching scope in its favor:
- Speed- Quick approval and quick loan disbursement.
- Flexibility-Custom-tailored loan solutions for each specific borrower.
- Experience-Over 35 years of lending experience with $4 billion in closed transactions.
- Globally-Providing financing in the U.S. and international markets.
Moreover, these factors have made Kennedy Funding a preferred lender for real estate investors and developers needing dependable, reliable financing alternatives.
Conclusion
Kennedy Funding is a foremost private lender specializing in commercial real estate financing. Their quick approvals, flexible loan terms, and their ability to fund projects around the world make them an outstanding choice for borrowers needing short-term capital. From land acquisition, construction, or distressed property refinancing, Kennedy Funding has developed customized solutions best suited to meet different real estate financing needs.Â
FAQs
Which property types does Kennedy Funding finance?
Commercial, residential, land, and mixed-use development.
How fast do I get the cash?
Typically closed in a few days.
Does Kennedy Funding offer international loans?
Yes, they do, in Canada, the Caribbean, Europe, and Central America.
What is the maximum Loan to Value (LTV)?
Up to 75% LTV, as per the type of project.
Has Kennedy Funding faced any lawsuits?
Yes, for example, Construcciones Haus Soceidad v. Kennedy Funding Inc., which highlights the lack of due diligence.
What is a bridge loan?
A short-term loan used for immediate funding needs until permanent financing gets picked.
How do I go about applying for a loan?
Go to kennedyfunding.com and fill out all information required in the loan application form.Â