4A — December 2025 — Financial — M id A tlantic Real Estate Journal
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F inancial
Record-setting volume highlights demand for fast, flexible lending as banks retreat from land Kennedy Funding Sets Record Pace: 8 Land Loans, 8 States, 8 Weeks
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The closings took place dur- ing the final quarter of 2025, which Kennedy Funding ex- pects to be the busiest Q4 in the company’s 38-year his- tory. The firm has already seen heightened demand from developers and investors squeezed by a still-tight cred- it environment—especially when it comes to land loans. Loan Highlights: 8 Loans Across 8 States • Vseva Crown Court LLC – Inverness, Florida Land Acquisition • The Beach Dallas LLC – Dal - las, Texas Land Acquisition • Diamond J Farms LLC – Idaho Falls, Idaho Debt Payoff/Working Capital • Alliance USA [SPV 2025] Inc – Lynden, Washington Cash-Out Refinance • 270 Irvington LLC – South
Orange, New Jersey Cash-Out Refinance • Haya Enterprises LLC – Medford, Oregon Working Capital • NSB Estate LLC – Ferndale, • Croatan Capital II, LLC — Stephenson, Frederick County, Virginia Cash-Out Refinance New York Cash-Out “There’s an extraordinary wave of business waiting to get funded — land, cash-outs, acquisitions, foreclosures and working capital,” said Edwin Urrego, Executive Loan Of - ficer at Kennedy Funding. “We’re working around the clock to meet everyone’s needs by the end of the year.” Kennedy Funding’s ability to move quickly comes from its direct private lending struc- ture and long-standing exper-
tise with land, transitional assets, and real-estate-backed business needs. The firm regu - larly delivers capital for a wide range of uses — without the bureaucratic delays that often stall or kill time-sensitive op- portunities. Closings can take place in as little as five to ten days, with loans up to 75% loan-to-value. Kennedy Funding’s reach also extends far beyond the United States. The firm continues to ex - pand its global lending footprint throughout the Caribbean, Europe, Canada, and Central and South America. Interna- tional loans start at $3 million, with the capacity to fund more than $50 million on qualifying deals. The company has now closed over $4 billion in loans worldwide, driven by a blend of speed, flexibility, and the ability to close when others hesitate.
With traditional lenders re- maining conservative on land, Kennedy Funding expects its record-setting momentum to continue through the close of the year and into 2026. About Kennedy Funding Kennedy Funding is a global direct private lender specializ- ing in bridge loans for commer- cial property and land acquisi- tion, development, workouts, bankruptcies, and foreclo- sures. Kennedy Funding has closed more than $4 billion in loans to date. Their creative financing expertise provides funding up to 75% loan-to- value, from $1 million ($3 million international) to more than $50 million in as little as five days. The company has closed loans throughout the United States, the Caribbean, Europe, Canada, and Central and South America. MAREJ
NGLEWOOD, NJ — Kennedy Funding has achieved a mile-
stone few pri- vate lenders can claim, closing eight land loans across eight different U.S. states in just eight weeks, reinforcing
Kevin Wolfer
its position as one of the fastest and most flexible private lend - ers in the land financing space. “This kind of pace is almost unheard of in land lending,” said Kevin Wolfer , CEO of Kennedy Funding. “To close eight deals, in eight different states, in just eight weeks—on land, no less—is a testament to what Kennedy Funding can do when dependability and speed matters.”
Houlihan-Parnes Properties arrange $4.55M in financing across NY & CT
JLL arranges debt for 147,620 s/f distribution facility in CNJ Bridge Industrial secures $27.1M in bridge financing for NJ warehouse
NEW YORK, NY — Flavia Verzivolli, David Lulgjuraj and Michael Cuniberti of Houlihan-Parnes Properties have arranged 1st mortgage financing in the amount of $2.8 million and a line of credit for a six-story elevator cooperative apartment building containing 52 apartments in the Inwood section of Manhattan. The property is located at the corner of Park Terrace West and W 215th St. The loan was placed for a 10-year fixed term at a sub 6% interest rate. Jeremiah Houlihan and James Coleman of Houli- han-Parnes Properties have successfully arranged the refinancing of two-story eleva - tored 26,000 s/f neighborhood retail center on 1111 South Main St. in Cheshire, CT. The building was built in 1985 and contains eight retail suites on the ground floor and eight of - • Engaging with regulators early when PFAS is detected to avoid project delays. Langan’s PFAS practice is well-versed in the regulatory environment and helps cli- ents navigate the challenges related to soil import and export. By implementing best practices and staying informed of state-specific and federal requirements, PFAS-related
MORRISTOWN, NJ — JLL Capital Markets has arranged $27.1 million in bridge financ - ing for Bridge Point Piscataway, a class A, 147,620 s/f warehouse located at 10 Constitution Ave. in Middlesex County. JLL worked on behalf of the borrower, Bridge Industrial , in securing a loan through PPM America, Inc. The state-of-the-art dis- tribution center features 36-foot clear ceiling heights, 41 dock-high doors and two drive-in doors designed for high-volume logistics opera- tions. The facility provides 118 car parking spaces and 57 trailer stalls on a 12.84- acre site, supporting large- scale distribution activities. The warehouse includes 3,000 s/f of office space and can accommodate single or multi-tenant configurations. The JLL Capital Markets team was led by senior manag- ing directors Michael Klein and Jon Mikula , along with analyst Kevin Badger . “Despite a prolonged lease up period, Bridge Point Pisca - taway’s superior design speci- fications and strategic location along the Interstate 287 corri- dor created an attractive financ - ing opportunity,” said Klein. “There is a strong appetite on behalf of lenders to provide financing for quality industrial
57 Park Terrace
fices on the second level. There is more than ample parking on-site. Houlihan-Parnes Proper- ties has arranged a $1.755M first mortgage loan with cur - rent market interest rate and repayment schedule for a 10- year term. The financing was arranged in connection with the pur- chase of the property by an investment group based out of White Plains. The property will undergo upgrades and be repositioned to maximize the investment. MAREJ challenges can be effectively managed to responsibly move soil across redevelopment and remediation efforts and suc- cessfully complete projects in a timely manner. Scott Bisbort is a senior project manager in Lan- gan’s Princeton office with over 25 years of experi - ence working on investi - gation and remediation projects. MAREJ
Bridge Point Piscataway
projects that require more time to achieve full stabilization,” added Mikula. In other JLL news, JLL’s Hotels & Hospitality Group announced the sale of 122-room Courtyard by Marriott Wayne Fairfield, a select-service hotel positioned 20 miles from NYC. JLL represented the seller, RiverLink Hotels , in the sale to affiliates of Concord Hospital - ity. Working on behalf of the new owner, JLL also secured acquisition financing through M&T Bank . The four-story hotel features a diverse guestroom mix de- signed to accommodate vari- ous traveler needs. The prop- erty includes 73 standard king rooms, 36 standard two-queen rooms, seven extended two- queen rooms, four king suites and two queen suites. Guests have access to compre-
hensive amenities including an indoor pool, fitness center and 1,587 square feet of meeting space with capacity for up to 120 banquet guests. The Bistro restaurant operates daily, serv- ing breakfast and dinner, fea- turing upscale casual American cuisine and a full evening bar. The JLL Hotels & Hospitality team representing the seller was led by director Phil White , while the financing efforts were spearheaded by managing di- rector Jillian Mariutti . “This Courtyard by Marriott represented a compelling value- add investment opportunity in one of northern NJs most stra - tegically located markets,” said White. “The property combines relatively new vintage construc- tion, strong in-place cash flows and significant operational up - side potential in a high barrier- to-entry market. MAREJ
continued from page 2A Importing and exporting soil . . .
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