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.