14A — November 2023 — Lenders Directory — Financial Digest — M id A tlantic Real Estate Journal
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L enders D irectory
Revolutionizing land development financing with speed and vision As CRE borrowers rush to close before 2024, Kennedy Funding is one of few who can deliver
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belts and imposing unbearable guidelines. Conversely, Ken - nedy Funding’s willingness to finance challenging land deals has never been more vital to the commercial real estate market. “We’ve closed more than $4 billion in loans, and that to us is more than just a number—it’s a testament to our commitment to our borrowers,” said Kevin Wolfer , CEO and president of Kennedy Funding, a New Jer - sey-based direct private lender. Kennedy Funding’s success lies in its unparalleled ability to make fast funding decisions in contrast to going through
the bureaucratic “red tape” of traditional lenders and banks. Kennedy has honed its process, which enables quick closings for borrowers, sometimes in as fast as five days— a feat that is almost unheard of in today’s lending landscape where loan closing delays have become the norm. For Kennedy, it’s all about the current value of the real estate collateral and potential of the property. That is a strategy that differs from traditional lenders because now more than ever, they are being hindered by the borrower’s credit history.
“The credit squeeze has made it almost impossible for many borrowers to secure the nec- essary funding for their land deal,” Wolfer explained. “But at Kennedy Funding, we look at the big picture, not the bor- rower. Where others see risk, we see opportunity. For us, the primary emphasis is on identifying the positive aspects and opportunities in land de- velopment, rather than being constrained by the credit his- tory of the borrower.” Kennedy’ Funding’s loan officers are adept at provid - ing capital to borrowers in
urgent need of working capi- tal, acquisition, construction, refinance, cash outs, bridge loans, refinancing, workouts, and debt settlements. “Right now a lot of borrow - ers have been particularly impacted by the current eco- nomic climate,” said Wolfer. “And that’s where we come in. With an extensive portfolio of closed loans, Kennedy Funding is able to reinforce its position as a lending leader that can navigate the complexities of the market and provide tailored so- lutions—especially as we close out the year.” When it comes to the borrow- ers it’s crucial to be prepared. To expedite funding, essential documentation is required which includes a clean title, a recent appraisal, and an environmental report, among others that may be required. “Aside from the right pa - perwork, proactive and clear communication from the bor- rower is essential,” said Wolfer. “This will help ensure that any additional required informa- tion needed will be provided promptly for expedient review from our team.” Kennedy has also achieved a high benchmark when it comes to lending on the international front servicing not only in the US, but Canada, Europe, the Caribbean, and Central and South America. Being well- versed in the locale’s real estate markets, political landscapes, and laws allows Kennedy to seamlessly fund internation- ally while remaining compliant with the complex local regula- tions and paperwork. As the year-end approach - es, the pressure to close on land deals intensifies. Tradi - tional lenders’ reluctance to engage in what they consider ‘high-risk’ transactions places many borrowers in a precari- ous position. Kennedy Fund - ing’s strategic financial solu - tions, however, offer a lifeline to those seeking to navigate these challenges successfully. “We pride ourselves on be- ing that partner who won’t leave you hanging at closing time,” Wolfer emphasized. “Our team’s dedication to speed and flexibility is un - paralleled, and our track record of $4 billion in closed loans speaks for itself. When it comes to fast funding, par- ticularly as year-end dead- lines loom, Kennedy Funding delivers.” MAREJ
NGLEWOOD, NJ — In an era where credit is virtually nonexistent,
Kennedy Fund i ng stands out as the quintes- sential lender for borrow- ers racing against the clock to close on land deals
Kevin Wolfer
before the year’s end. With in - flation on the rise and the finan - cial upheaval within the bank- ing industry, traditional lend- ers have been tightening their
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