10 — August 2026 — Financial — M id A tlantic Real Estate Journal
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F inancial
NGLEWOOD, NJ — Kennedy Funding , one of the nation’s leading Direct private lender’s 9% loan helps fast-track 41-acre site purchase in booming Gulf Coast region Kennedy Funding closes $1.5M land loan in 18 days for Alabama multifamily development E
exceptionally competitive rate for a land acquisition loan. “This was exactly the kind of opportunity Kennedy Fund - ing is built for,” said Mark Falzone , executive loan of - ficer at Kennedy Funding. “The borrower faced a firm purchase deadline, brought substantial equity to the transaction and had a devel - opment-ready property. “We recognized the urgency immediately and moved quickly to provide the funding need - ed so the acquisition could move forward.” Andrew Williams , manag - ing partner at KLEI Capital , a San Diego-based broker, praised Kennedy Funding’s responsiveness. “There was an - other lender who could not get the deal across the finish line, so we reached out to Kennedy Funding, a lender with exten - sive experience in land loans the LLC’s protective structure if the investor fails to treat the entity as distinctly separate from themselves, a concept known as “piercing the veil.” Maintaining a dedicated bank account, keeping independent books and records, and ensur - ing business and personal affairs are separate are es - sential steps in preserving the liability shield. While an LLC does offer many benefits for investors, it is not without cost or complex - ity. Investors should expect annual filings, a separate tax return, and other ongoing ad - ministrative upkeep for each LLC they establish. When an LLC Becomes Necessary Not every deal requires the added structure of an LLC. For smaller deals, the potential benefits may not justify the costs of setting up the LLC and the hassle of maintaining the “separateness.” But for larger transactions, including multi-unit properties or deals valued north of $1 million, the added protection an LLC pro - vides becomes more valuable and usually worth the cost and effort. This calculation changes further when multiple inves - tors or partners are involved in a transaction, because in that case, an LLC provides both liability protection and the structural foundation for defin -
and a reputation for closing fast. Kennedy said they could close by the deadline, and they did. They responded right away, quickly vetted the deal, and the entire experience was phenom - enal,” Williams said. Located along Highway 59, one of Baldwin County’s pri - mary commercial corridors, the site offers direct access to Inter - state 10 while placing future residents within convenient commuting distance of Mo - bile, Pensacola and Alabama’s Gulf Coast beaches. Highway 59 serves as the backbone of central Baldwin County, connecting rapidly expanding residential communities with employment centers, shopping, healthcare and transportation. Population growth, expanding healthcare, manufacturing, logistics, tourism and new business investment continue to drive demand for housing ing each party’s roles, contribu - tions, and expectations. This clarity is critical for ensuring a smooth partnership. Understanding the Benefits & Tradeoffs One final, often overlooked, factor in choosing whether to utilize an LLC is financing. Some real estate mortgage lenders are reluctant to is - sue loans directly to an LLC or may offer more favorable terms to an individual (hu - man) borrower. For smaller, single-owner deals in par - ticular, lenders may simply prefer to see an individual on the title, which is worth con - firming early on before you go under contract. If that’s the case, it’s worth exploring ad - ditional liability insurance to allow you to access the financ - ing you want or need without sacrificing legal protection. Whether an LLC makes sense for any given deal ulti - mately depends on the size of the transaction, the financing involved, and an investor’s own tolerance for adminis - trative complexity and risk. There is no one-size-fits-all ap - proach, and it’s critical to loop in legal counsel and trusted advisors early to ensure you’re making the best decision for your unique situation. James Yoakum is an at - torney in the real estate & fi - nance group with Kleinbard LLC in Philadelphia. MAREJ
throughout the region. Adding to the area’s momen - tum is the nearby Gulf Alabama (Port Alabama) Industrial Cen - ter, a more than 900-acre in - dustrial development planned to include 12 million s/f of industrial space. The project is expected to generate thousands of jobs while strengthening the Highway 59 and I-10 corridor as one of the Gulf Coast’s premier logistics and industrial hubs. The region is also benefiting from significant corporate and industrial investment. Novelis is constructing a $4.1 billion dollar aluminum rolling and recycling facility in Baldwin County that is expected to cre - ate significant job opportuni - ties. Nearby Mobile is also home to Airbus’ US manufacturing facility and Austal USA, a ship manufacturer headquartered in the city. “Deals like this demonstrate
where Kennedy Funding’s pri - vate lending adds the most value,” said Kevin Wolfer , CEO of Kennedy Funding. “When qualified borrowers face extremely tight deadlines, they need certainty of execution. Our team was able to provide that certainty and keep this project moving forward.” The approved 420-unit proj - ect will help meet increasing housing demand generated by the area’s expanding popula - tion, expanding industrial base and growing workforce. With development-ready land becoming increasingly difficult to find in high-growth markets, the loan highlights both the continued demand for multifamily housing across Baldwin County and Kennedy Funding’s ability to deliver customized financing solutions when speed, certainty and execution matter most. MAREJ
direct private lenders, has closed a $1.5 million land loan for the acquisition of a 41.09-acre fully entitled multifamily development
Mark Falzone
site along Highway 59 in Lox - ley, Baldwin County, Alabama. The financing, provided to Vision of Loxley APT, LLC, was completed in just 18 days, enabling the borrower to sat - isfy a contractual acquisition deadline on a property approved for 420 multifamily units. The borrower is purchasing the site for $3 million. Kennedy Funding’s financing also featured an impressive 9% first-year interest rate, an One of the most common questions I hear from new, and even experienced, real estate investors is whether they need to form an LLC to take title in a real estate transaction. The honest an - swer, as with most real estate questions, is that it depends (I’m a lawyer after all!) – but understanding the tradeoffs early can save investors time, money, and headaches down the road. Below I outline a few factors to consider when determining if an LLC is necessary for your transaction. Why Real Estate Investors Form LLCs A limited liability company (LLC) is a legal entity created to own and operate a busi - ness or investment. For real estate investors, the appeal is straightforward: when prop - erly formed and maintained, an LLC creates a legal sepa - ration between an individual investor’s personal assets and business assets. For example, if a tenant is injured at a property and sues the owner, exposure would generally be limited to the LLC and its assets, rather than exposing an investor’s personal savings, home, or other holdings to the lawsuit and potential judgments. It’s important to note that LLC protection is not guar - anteed. Courts will disregard
PPR announces launch of build-to-rent housing fund
By James Yoakum, Kleinbard LLC LLC Considerations For First-Time Real Estate Investors
in high-growth markets with strong renter demand. BTR communities are pur - pose-built single-family homes or townhomes designed for renters, offering more space, privacy and professional prop - erty management than tradi - tional apartments. Planned acquisitions will initially focus on the Charlotte and Nashville MSAs and feature amenities such as private yards, at - tached garages and high-end finishes. MAREJ
WAYNE, PA — PPR Capi- tal Management (PPR) an - nounced the launch of the PPR Keystone Housing Growth Fund, a single-strategy fund focused exclusively on build-to-rent (BTR) residential communities. The Fund targets fully built communities at or near cer - tificate of occupancy, allowing investors to enter after develop - ment and construction risk has largely been absorbed by the sponsor. Its strategy centers on lease-up and stabilization
National Integrity Title Agency establishes PA headquarters in Bryn Mawr
culture. Serving the five- county Greater Philadel - phia region, the Bryn Mawr office centralizes NITA’s Pennsylvania operations with support from its Marl - ton headquarters. “Our roots in Pennsylva - nia run deep, making this a natural next step for our company,” said NITA co- owners George E. Duffield Sr. , CEO, and Fran Turchi , president. “Establishing an office across the river rein - forces our long-term com - mitment to the market and positions us to better serve and grow alongside the real estate professionals, lend - ers, attorneys, builders and developers who have placed their trust in us.” MAREJ
MARLTON, NJ/BRYN MAWR, PA – National In- tegrity Title Agency (NITA) has strengthened its long- standing commitment to the Pennsylvania real estate mar - ket with the opening of its new Pennsylvania headquarters at 919 Conestoga Rd., Suite 314, in Bryn Mawr. The new 1,500 s/f office will support com - mercial and residential title insurance and settlement ser - vices throughout Philadelphia, Bucks, Chester, Delaware and Montgomery counties. Home to a five-member team, the location reflects NITA’s investment in Penn - sylvania and commitment to providing local expertise backed by the company’s technology and collaborative
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