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Kennedy Funding Lends $1.8 Million To Port Saint Lucie, Florida Developer.
HACKENSACK, N.J., Nov. 24 /PRNewswire/ -- With the help of a $1.8 million loan from Kennedy Funding, a direct private lender based in Hackensack, New Jersey, Carris Commercial Properties, LLC will be able to purchase a 74-acre site made available when a power company's plan were denied approval.
"The site is adjacent to a Florida Power and Light facility so the city felt that Panda Midway Power Partner's plans to construct a power generation plant there was unneeded and would negatively affect the area," says Harris E. Rein, a partner with Carris Commercial Properties, LLC.
"With Kennedy Funding's help, we now have an opportunity for commercial office or warehouse development in one of the fastest growing cities in the state. Kennedy Funding's response time was excellent and their attention to detail was second to none."
Carris Commercial Properties seized the opportunity to pick up a prime 74- acre parcel located on Medway Road in Port Saint Lucie, Florida, approximately 6/10 of a mile from I-95 on the south side of the road. Carris will pay $2,500,000 for the property.
"This loan scenario is the perfect example of the value of our ability to move quickly to issue loan commitments and close deals rapidly," says Jeffrey Wolfer, president of Kennedy Funding.
For nearly twenty years, Kennedy Funding has provided financial expertise and guided its clients through complex loan processes. The company has an international reputation for its lending expertise and ability to devise innovative strategies to deal with commercial property workouts, ...
- Benefits of private lending.(Banking & Finance)
- Magazine article from: Real Estate Weekly Wolfer, Jeffrey January 14, 2004 700+ words
...In recent months, Kennedy Funding has demonstrated its...Florida developer Carris Commercial Properties, Inc...competitive global market. Kennedy Funding, based in Hackensack...WOLFER PRESIDENT, KENNEDY FUNDING
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...his highly anticipated debut in The Kennedy Funding Invitational for 2007, one of the...prestigious tennis events of the year. The Kennedy Funding Invitational, presented by Cole Schotz...special added bonus for 2007, The Kennedy Funding Invitational will feature an appearance...
- Jeffrey Wolfer of Kennedy Funding Wins Coveted Award.
- Press release article from: PR Newswire September 7, 2006 700+ words
...Jeffrey Wolfer, President and Co-CEO of Kennedy Funding in Hackensack, New Jersey, has been named...Wolfer has been President and Co-CEO of Kennedy Funding since 2000. Kennedy Funding fills the need in the marketplace for creative...
- The Kennedy Funding Invitational to Benefit Breast Care Center at Englewood...
- Press release article from: PR Newswire June 1, 2006 700+ words
...J., June 1 /PRNewswire/ -- Kennedy Funding is pleased to announce it will host The Kennedy Funding Invitational at Dellwood Country Club...said Kevin Wolfer, co-CEO of Kennedy Funding. "Breast cancer affects so many...
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- Press release article from: PR Newswire March 28, 2005 700+ words
...week from commitment to closing for Kennedy Funding, a direct private lender in New Jersey...for development. In record time, Kennedy Funding generated the $3.5 million loan...issues, were expertly handled by Kennedy Funding's attorneys, who resolved the problems...
- Kennedy Funding Rescues Blue Ridge Mountains' Developer.
- Press release article from: PR Newswire May 6, 2005 700+ words
...found his $980,000 dollar loan with Kennedy Funding, a direct private lender based in...could not deliver," he said. But Kennedy Funding did. The near-million-dollar...I am genuinely appreciative of Kennedy Funding in securing this loan for us," commented...
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...benefit was recently demonstrated by Kennedy Funding of Hackensack, NJ, when the firm...return to the revitalized building. Kennedy Funding, nationally recognized for structuring...business acquaintance told them about Kennedy Funding and the firm's ability to tailor...
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- Press release article from: PR Newswire July 26, 2006 700+ words
...July 26 /PRNewswire/ -- The Kennedy Funding Invitational, destined to become...continued growth and success of The Kennedy Funding Invitational, and this opening event...Leslie Simon, a beloved friend of Kennedy Funding's Wolfer family and, indeed, of...
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...fast loan of $2.5 million from Kennedy Funding made it possible. Kennedy, a direct...they needed additional capital, and Kennedy Funding became the source. Under serious...want to deal with." Referring to Kennedy Funding's President, he added, "Jeffrey...
- Kennedy Funding's $2.16 Million Loan Rescues Bankrupt Company In Camden, New...
- Press release article from: PR Newswire February 10, 2005 700+ words
...difficulties, but private lender Kennedy Funding, of Hackensack, New Jersey, sees...at any time. The bridge loan from Kennedy Funding enables Nedmac to clear up the bankruptcy...property. Jeffrey Wolfer, President of Kennedy Funding, added that a bankruptcy in Camden...
Source: HighBeam Research, Kennedy Funding Lends $1.8 Million To Port Saint Lucie, Florida...