18A — December 14 - 27, 2018 — Financial Digest — M id A tlantic

Real Estate Journal


F inancial D igest

Funds to be used for working capital by leading global forensics investigation firm Kennedy Funding closes $3.2 million loan to Maryland Engineering Firm


capitalize. Barnes referred the borrower to Kennedy Funding to help secure capital, but time was of the essence. “Our ability to close loans fast is based on a borrower’s ability to provide the checklis- titems including, but not lim- ited to an up-to-date appraisal, a clean environmental report, and clear title,” said Kevin Wolfer , principal and CEO of Kennedy Funding. “With all these documents in hand, we are able to get the loan the bor- rower needed in record time.” After obtaining the required documents, the borrowing pro- cess moved seamlessly, and RTI Forensics obtained the nec- essary funds in the nick of time. “Conventional lending ave- nues can take months to review and approve a borrower’s ap- plication, but borrowers don’t always have months to wait, and this is where we thrive,” said Wolfer. “It’s essential for us to move as quickly as pos- sible, so we’ve perfected our procedures. Core to that is staying organized and clearly communicating the necessary steps to all parties involved.” Barnes said that Kenne- dy Funding’s principals were speedy professionals who fol- lowed through on a tight, ur- gent deadline. “The principals at Kennedy Funding were extremely clear in explaining the requirements to close on a loan, and that’s one of the reasons why we were able to move so quickly to close,” Barnes said. “I think they could close a loan even faster than 10 days.” RTI Forensics specializes in accident investigation, fail- ure investigation, and safety management. The firm, which opened in 1975, acquired the 4.05-acre property in 2011 and completed its headquarters in 2013. The multi-floor building has ample meeting and confer- ence room space, with areas dedicated to laboratories, offic- es, and storage. An additional 4,800 square feet is available for future expansion or an ad- ditional building tenant. Stevensville is located on Kent Island in the Chesa- peake Bay located directly across fromMaryland’s capital, Annapolis. Connected to the mainland by the Chesapeake Bay Bridge (U.S. Highway 50), the complex is located ap- proximately 45 minutes from Baltimore and 1 hour from Washington, D.C. 

ital Advisors and a general debt advisor to RTI Forensics, the engineering firm related to the borrower. “Kennedy Fund- ing closed the loan in just 10 days. They managed the entire process well from beginning to end.” Proceeds from the loan will be used toward debt repay- ment and working capital for RTI Forensics’ 46,053 s/f headquarters located at 401 Log Canoe Circle in the Chesa- peake Bay Business Park, Stevensville. According to Barnes, the borrower needed funds to re-

TEVENSVILLE, MD — Kennedy Funding , an Englewood Cliffs, NJ-

based global di rec t pr i - vate lender announced t h a t t h e y closed a $3.2 million loan to Reynolds E s t a t e s , LLC.

Kevin Wolfer

“Once all of the documen- tation was completed and submitted, the process moved incredibly fast,” said Lamar Barnes , principal of BWCap-

401 Log Canoe Circle

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