18A — January 2026 — Financial — M id A tlantic Real Estate Journal
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F inancial
Direct private lender provides cash-out refinancing on 63 acres on Jessups Estate Kennedy Funding closes $2.5 Million land loan in St. Thomas, Nevis
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that track record.” Kennedy Funding has built a reputation as one of the few U.S.-based private lenders with the ability—and will- ingness—to close land loans abroad. According to Kevin Wolfer , CEO and president of Kennedy Funding, the firm’s success lies in its ability to combine speed and flexibility with deep experience navigat- ing international lending. “Closing loans in foreign countries requires more than capital—it takes a real un- derstanding of local laws, real estate customs, and how to build the right team on the ground,” said Wolfer. “We have the network and the experience to make that hap- pen—and that’s why Kennedy Funding continues to be the go-to lender for international real estate financing.” The villa in Jessups Estate offers both exclusivity and convenience, located just 3.4 miles—or a 10-minute drive— from the island’s center of com- merce and government. The additional acreage in Farms Estate and Bush Hill repre - sents both long-term invest- ment potential and the kind RESTON, VA — Affin- ius Capital LLC announced the closing of a loan for the acquisition of Signature at Reston Town Center, a two- building, 508-unit, 21 story, class A, multifamily property with 25,000 s/f of retail space and 1,200 parking spaces located within Reston Town Center in Reston. The loan was made to a joint venture between Sterling Investors , an SEC-registered real estate investment manager, and Simpson Housing , a verti- cally integrated manager of multifamily properties across the United States. Costa Kontoulis , managing director at Affinius Capital commented, “This transaction marks our entry into a key Washington, DC submarket and establishes our partner- ship with Sterling Investors and Simpson Housing. Res- ton’s strong economic growth, highly educated workforce, and exceptional connectiv- ity make it a compelling mar- ket for institutional invest- ment. Signature at Reston Town Center aligns with our
of diversified collateral base Kennedy Funding regularly evaluates for its borrowers. “This wasn’t just one prop- erty—it was multiple parcels, spanning different uses and parishes,” added Falzone. “We evaluated the entire portfo- lio, conducted the necessary diligence on the ground, and moved forward with confi- dence. That’s what sets Ken- nedy Funding apart.” With this closing, Kennedy Funding adds Nevis to its growing list of international markets, which already in- cludes St. Barts, the Domini - can Republic, Jamaica, the Bahamas, Colombia, Belize, Brazil, Peru, and Ecuador. The firm has closed more than $4 billion in loans worldwide, and continues to lead the market in high-leverage funding for land and commercial real estate. “We’re proud to deliver this kind of outcome for borrow- ers who’ve been told ‘no’ too many times,” added Wolfer. “If you own valuable land, a luxury home, or develop- ment-ready real estate—even if it’s located outside the U.S.—we can help you turn it into capital.” MAREJ
NGLEWOOD, NJ — A luxury Caribbean es- tate with over 60 acres of prime land in Nevis has become the latest addition to Kennedy Funding’s grow- ing list of international loan closings. The Englewood, New Jersey-based direct private lender announced that it has closed a $2.5 million cash-out refinancing loan for Bush Lender LLC , secured by a multi-property portfolio on the island of Nevis, part of the Federation of Saint Kitts and Nevis. The loan is backed by a mix of developed and raw land assets, including a custom- designed, modern 8,000 s/f concrete villa located in Jes- sups Estate, a sought-after residential area in the Par- ish of St. Thomas. The villa includes a three-car garage, theater, fitness room, and private pool, and sits on more than two acres just minutes from Charlestown, the capital of Nevis. Additional collateral includes more than 60 acres across Farms Estate and Bush Hill, two additional locations on the island offering expan- sive development potential. SAYREVILLE, NJ — JLL Capital Markets has secured a $47.5 million refi- nancing for Camelot West at Townelake, a newly delivered 176-unit luxury multifamily community in Sayreville. JLL worked on behalf of the borrower, Kaplan Compa- nies , in arranging the five- year, fixed-rate loan through a regional bank. Camelot West at Townelake, located at 5105 Brown Rd. in Sayreville’s Middlesex County, offers residents convenient ac- cess to public transportation and highway infrastructure with proximity to the Garden State Parkway, Route 9 and Interstate 95. The property provides commuter bus service throughout Sayreville and commuter rail access via the South Amboy Train Station, with direct service available to employment centers including Newark and Manhattan. Middlesex County contin- ues to attract renters seeking residence outside Manhattan with convenient transporta- tion access at discounted prices
Multi-property portfolio on the island of Nevis
“This is exactly the kind of complex international loan that Kennedy Funding was built to close,” said Mark Fal- zone , executive loan officer at Kennedy Funding. “When traditional lenders back away from land loans or land deals in foreign jurisdictions, we see opportunity. We know how to work through the legal sys- tems, title issues, and valua- tion challenges that come with international real estate.” Nevis, known for its pristine beaches, mountainous interior, and luxury tourism appeal, is a popular destination for global
investors and second-home buyers. But while the real es - tate market has grown, access to U.S.-based capital remains limited—particularly when it comes to unlocking equity from land or estate holdings. “Lenders simply don’t want to deal with land, let alone land outside the United States,” Falzone added. “But at Kennedy Funding, we’ve closed deals across Central and South America, through- out the Caribbean, and in doz- ens of markets where others say no. This Nevis transaction is just the latest example of munity offers 166 market-rate units and 10 COAH units with a unit mix of one-, two- and two three-bedroom units. The property offers large units with a 1,153 s/f blended average unit size and luxury finishes including Silestone countertops, stainless steel appliances, gas ranges, is- land kitchens, mosaic tile backsplashes, in-unit washer/ dryers, luxury plank flooring, walk-in closets, nine-foot ceil- ings and balconies in select units. Community amenities include a fitness center, pool, lounge area with coffee bar, parcel room, barbecue area, playground, bike storage, dog park and grooming area. The property provides ample park- ing with 342 spaces including 72 individual unit garages with EV charging stations, 72 driveway spaces and 198 surface spaces. JLL Capital Market’s Debt Advisory team representing the borrower was led by senior man- aging directors Michael Klein and Jim Cadranell and associ- ate John Cumming . MAREJ
Affinius Capital finances 508-unit Signature at Reston Town Center
JLL Capital Markets facilitates loan for Camelot West at Townelake, in Sayreville, NJ
strategy of financing newly constructed, quality housing assets in supply-constrained markets. The sponsors have deep expertise in the multi- family sector that will support the property’s performance and stability.” The financing was arranged by Grant Frankel, Matt Brody, and Axel Azcue of Eastdil Secured . Located in the heart of the Reston Town Center, Signa- ture at Reston Town Center features studios, one-bedroom, two-bedroom, and three-bed- room apartments, as well as lofts and penthouses. The resi- dences were built to premium standards offering unit ameni- ties including convenient key- less entry, designer curated kitchens. MAREJ Signature at Reston Town Center
Camelot West at Townelake
compared to New Jersey’s Hudson Waterfront Submar- ket. The area benefits from a well-diversified economy with warehouse/distribution, light manufacturing, retail trade, finance, professional services, educational, health, life sci- ences and social service sectors. Camelot West at Townelake features seven residential buildings including five 28- unit four-story elevator-served buildings, one 10-unit three- story elevator-served building and one 26-unit four-story elevator-served building that includes the community’s club- house and management/leasing office. The luxury mid-rise com -
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