24A — May 21 - June 17, 2021 — Financial Digest — M id A tlantic Real Estate Journal


F inancial D igest


Firm welcomes international borrowers Kennedy Funding closes $2.64M land loan in Brazil


tional borrowers, and we have consistently proven that we are able to close successfully.” The lender has closed more than $3 billion in loans, in- cluding many loans in sev- eral other South American and Central American coun- tries, and throughout the Car ibbean, inc luding Co- lombia, Belize, Dominican Republic,and Jamaica. “Few lenders are confident in their ability to successfully close loans abroad,” Wolfer said. “Not only do the laws that govern lending and real estate vary wildly from coun- try to country, but your lender needs to be knowledgeable of the economic and political landscape and know how to work around any challenges. At Kennedy, we have the long- standing relationships on the ground –and the firsthand knowledge – that are vital to closing in several countries abroad, including Brazil.” João Pedro Fonseca Cos- ta, president of Savel Capital Partners , the Portugal-based broker that represented the borrower, added that Kennedy Funding is the only lender that can do land deals. “They are fast and responsive and you can count on them to close.”” The property being developed

by Scariot Agro Business is located a few miles from down- town Camaçari, an industrial city in Bahia in the Salvador metropolitan region. Near major highways, industrial properties, and commerce, the property is already serviced by water, sewage, drainage, telephone, electrical, and paved roads with –curbs and gutters. The property is zoned for trade ex- pansion. “The site is ready for Scariot Agro Business to start their expansion right away,” Wolfer said. “Thanks to our loan, the borrower can continue to grow and serve the entire Salvador region.” Kennedy Funding is a global direct private lender special- izing in bridge loans for com- mercial property and land acquisition, development, workouts, bankruptcies, and foreclosures. Kennedy Fund- ing has closed more than $3 billion in loans to date. Their creative financing 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

*Special Offer*

NGLEWOOD CLIFFS, NJ — Kennedy Fund- ing has once again closed

an interna- tional land loan during challenging economic and geopolitical times. The Engle- wood Cliffs, New Je r -

3-month free trial

Kevin Wolfer

sey-based direct private lender announced that it has closed a $2.64 million agricultural land loan to Scariot Agro Business LLC. Loan proceeds will be used as working capital to grow the company’s farming busi- ness on a 78.775-acre tract near downtown, Camaçari, Brazil. “Few Amer i can lenders would even consider doing business in Brazil or any South American country,” said Kevin Wolfer , president and CEO, Kennedy Funding.“Local laws and red tape make the closing process arduous and nearly impossible, not to mention the fact that this is an agricul- tural land loan. Who lends on farmland these days? No other lender would take on the risk, especially in today’s economic and political climate. “We l ove land, ” added Wolfer.“We welcome interna-

Mid Atlantic Real Estate Journal

8% Preferred Return* Debt- Free


For more information call or email Lea Christman today! 781.740.2900 lea@marejournal.com

WHY YOU SHOULD INVEST WITH COVE: ✔ Corporate backed net leases ✔ Lower Risk via All-Cash/Debt-Free ✔ Diversification amongst tenants, industries, asset classes and geography ✔ Tax advantages flow through to investors ✔ 8% preferred return* FOR MORE DETAILS covemidatlantic.com 1 (866) 847-7163 info@covecapitalinvestments.com

INVESTMENT HIGHLIGHTS: ✔ All-Cash/Debt Free Fund — No long-term mortgages

✔ Offering Size: $50,000,000 ✔ As Low as $50,000 to Start ✔ 8% Preferred Return* ✔ Flow Through of Tax Benefits to Investors ✔ Corporate Backed Net Leases with


tenants such as FedEx,Walgreens, Amazon, Fresenius, Dollar General & More!

covemidatlantic.com | info@covecapitalinvestments.com 1 (866) 847-7163

*This is a Regulation D Rule 506 (c) offering. All real estate and DST investments carry the risk of a complete loss of invested capital and that returns/ cash flow/appreciation/ distributions are not guaranteed and could be lower than anticipated. Preferred Returns are not guaranteed. Securities offered through Growth Capital Services, member FINRA, SIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104. Potential returns and appreciation are never guaranteed and loss of principal is possible. Please speak with your CPA and attorney for tax and legal advice.

Made with FlippingBook - professional solution for displaying marketing and sales documents online