Hackensack, New Jersey – Jeff Johnson of Extra Land Co., LLC owned a piece of land free and clear. It was 31.76 acres in Obetz, Ohio, a southeastern Columbus suburb. The land itself was vacant, with a slight gradient down to the road, and covered mostly in tall, waving grasses. It was, in Johnson’s mind, just waiting for something. And he believed he knew exactly what that was.

Johnson planned to develop the land into a semi-detached, single-family community, with 204 single-family units divided between 189 duplex and 56 triplex buildings. There would be five single-story models offered, ranging from 1,285 square feet up to 1,557 square feet, with up to three bedrooms. There would also be a 2,000 square foot club house in the development with all the latest amenities. And Johnson knew his target audience: first-time buyers and retired couples who were looking to down-size in their later years. He also knew it would be the perfect community for both, with costs ranging from $140,000 to $170,000 – prices almost too good to be true in our current residential doldrums.

Johnson had it all figured out, save for one tiny detail. Even though he owned the land free and clear, he needed a loan to cover the development costs, and his only collateral was the raw land itself. Which is perhaps why his finding Kennedy Funding also ended up being a perfect fit.

Kennedy Funding, with world headquarters in Hackensack, New Jersey, is one of the industry’s largest, most successful direct private lenders. They began in 1987 by offering a viable alternative to the traditional lending industry in the form of far less red tape, considerably faster closings, and a flexibility that could accommodate even the toughest transactions. Along the way, Kennedy also developed an industry-leading expertise in yet another area: the raw land loan, an atypical deal where the undeveloped land itself serves as the collateral. It would be difficult, if not impossible, to find a bank willing to even consider such a loan, whereas Kennedy thrives on them.

As Kennedy President and Co-CEO Jeffrey Wolfer puts it, “Even before the economy started slowing, the traditional lending infrastructure wanted nothing to do with raw land. Too risky, you see, and the conventional element wants nothing to do with risk, even in a comparatively healthy economy. At Kennedy, we see things differently. We can identify with our clients’ vision, their dream, and see the possibilities through their eyes.” He went on to explain that Kennedy had initiated a kind of ‘revolution’ in the lending industry, one that concentrated on speed, creativity, and in which their raw land loan capability figured prominently. Kennedy calls it ‘situational lending,’ where each loan is considered on its own merits, instead of applying the banking industry’s ‘cookie-cutter’ approach in which every loan has to fit rigid, unyielding parameters – or be disqualified.

“Jeff came to us with a plan and a vision,” continued Wolfer. “He already owned the land outright, and his business model, aimed at first-time buyers and retirees, made a lot of sense for that section of Ohio, both geographically and demographically. When his project is completed, it will already have appreciated at a more-than-acceptable rate, and we were very glad to have been able to close his loan for him on time.”

Kennedy Funding can issue loan commitments in as little as 24 hours, which often leads to closings in as few as five days and, in some cases when time is of the essence, even faster. Available financing ranges from $1 million to over $100 million, with rates as low as 10% and 3 points. The staff at Kennedy Funding is skilled in a wide range of business sectors beyond financing, and they focus a great deal of collective expertise and dedication upon each loan application.

	Kennedy Funding Expands International Presence With Virgin Island Loan Wintdots of St. Thomas Using $6.5 Million to Develop 'Green' Community
	Kennedy Funding Closes Four Loans in One Day Almost $40 Million in Domestic and Offshore Aid for Land Development and Restructuring
	$9.2 Million Loan from Kennedy Funding Gives Georgia Developer Just What He Needs to Stay in the Black and Stay on Track
	Kennedy Funding’s $15 Million Loan Deals Winning Hand to Developer’s Plans for Casino Complex in Biloxi, Mississippi
	Kennedy Funding Closes $3.9 Million Loan So Delaware Family Doesn’t Have to Sell the Farm
	Kennedy Funding’s Timely Loan Lets Ohio Developer Start Building Perfect Community for Single-Family Residents
	Kennedy Funding Buys Loan for $1.55 Million & Buys Borrower Two Years
	Superstar John McEnroe to Highlight The Kennedy Funding Invitational Tennis Tournament, July 9–13, 2008 Sponsorship Proceeds Will Benefit The Leslie Simon Breast Care Center at Englewood Hospital, and Nyack Hospital
	Kennedy Funding Loans Hawaiian Developer $7 Million for Big Project on Big Island
	$47.1425 Million Loan From Kennedy Funding Helps Idyllic Community Take Off in Eagle County, Colorado
	$15.1 Million Loan from Kennedy Funding Provides the Right Prescription for Pennsylvania Mental Health Care Center
	$29.3 Million Loan from Kennedy Funding Helps Florida Developer Make a Big Splash with Luxury Residential Community and Water Park Complex
	Fast $28.8 Million Loan from Kennedy Funding Helps Developer Build Resort for All Seasons in Utah Mountains
	$4.55 Million from Kennedy Funding is Second Loan in a Month to MOA Loan Helps Developer Build ‘Buffalo Bill’ Hotel near Yellowstone
	$47 Million Loan From Kennedy Funding Helps Florida Developer Shift His Town Center Project Into High Gear
	$23.2 Million Loan from Kennedy Funding Helps Developer Sink a Birdie on His Residential Golf Community
	$55 Million Loan From Kennedy Funding Means Smooth Sailing for Georgia Developer As Traditional Lenders Shy Away from the Residential Market, Kennedy Shares Borrowers' Vision & Steps in to Fill the Void
	$24.9 Million Loan From Kennedy Funding Brings Some Magic to Florida Residential Resort Project Near Walt Disney World
	With a Total of $70 Million in Loans, Kennedy Funding's Magic is Helping Build Florida Developer's Kingdom
	$13.5 Million Loan from Kennedy Funding Closes in Just Two Weeks & Saves the Day After Other Lender Drops the Ball
	$6.66 Million Raw Land Loan from Kennedy Funding Closes in Only 10 Days Loan Helps Texas Developer Purchase Another Property Just in Time
	$12.3 Million Loan From Kennedy Funding Helps Philadelphia Developer Acquire 71-Acre Tract Along the Delaware River
	Up Against the Odds and the Clock, Kennedy Funding Closes $7 Million Loan for HHH Nevada's Las Vegas Project in Just Over a Week
	$15.5 Million Loan From Kennedy Funding Helps Developer Bring an International Flavor to Chamblee, Georgia
	Hurricanes destroyed 119 homes...a $23.3 million loan from Kennedy Funding brightens the future for the new owners of West Palm Beach tower.
	Kennedy Funding Gains $200 Million Securitization from Fortis Bank 'Superpower' Lending Capacity Now Extends into the Billions
	$20 Million Loan from Kennedy Funding Helps Developer Acquire Prime Piece of Downtown Philadelphia Ambitious, Long-Term Plan Calls for 10,000,000 Sq. Ft. Development on Site Bigger Than the World Trade Center
	$14.5 Million Loan From Kennedy Funding Helps Save Developer's Plans for 50 Acres on Hawaii's Big Island Kennedy's First Deal in the Western Pacific a Testament to Skill & Determination
	Kennedy Funding's $3.72 Million Loan Helps Atlanta Area Mixed-Use Project Get Underway The Lofts on Antique Row Loan Closes in Only Two Weeks
	Kennedy Funding Nears $200 Million in Loans for Fiscal Year 2006
	Kennedy Funding Loan to Louisiana Developer Speeds Renovation of Hotel
	$2.13 Million Loan from Kennedy Funding Helps Hotel & Restaurant Owner Refinance and Consolidate
	Kennedy Funding Introduces Useful New Tools for Commercial Mortgage Brokers & Hard Money Borrowers
	Jeffrey Wolfer of Kennedy Funding Wins Coveted Award President & Co-CEO Named 2006 Forty Under 40 Winner
	Kennedy Funding Loans $2.1 Million to Florida Developer for Purchase of Championship Golf Course & Country Club in Florida
	Kennedy Funding’s $4.2 Million Loan Helps Illinois Developer Refinance 64-Acre Parcel Lender’s 2nd Loan to Ocean Atlantic/PFG-Westbury, LLC Keeps Development Plans On-Track
	$1.845 Million Loan from Kennedy Funding Helps California Developer Bring a Little Bit of Beverly Hills to Lexington, Tennessee
	Paul Goldstein & Englewood Hospital Big Winners at The Kennedy Funding Invitational
	$2.9 Million Loan from Kennedy Funding Helps Niagara Falls Investor Leap into the Hotel Business
	$1.65 Million Loan from Kennedy Funding Helps Pennsylvania Developer Turn Timeshares into Condos
	Timely Loan from Kennedy Funding Helps OneCap Partners Purchase 78 Acres in 'Next Las Vegas' $12 Million Loan Closes in Less Than a Week
	$7.8 Million Loan from Kennedy Funding Helps Partners Own a 403-Acre Piece of Maryland Raw Land Loan Closes in Just Two Week
	The Kennedy Funding Invitational to Benefit Breast Care Center at Englewood Hospital Will Feature Top-Ranked Tennis Players From Around the World
	$9 Million Loan from Kennedy Funding Helps Elias Brothers Keep Florida Development Plans Alive
	Kennedy Funding – 2 Loan Closings, 2 Countries, 1 Day.
	$3.864 Million Loan from Kennedy Funding Helps Kings Highway Acquire Land and Buy Out Partners
	$6.525 Million Loan from Kennedy Funding Helps a Los Angeles Condominium Conversion Get Under Way
	$1.2 Million from Kennedy Funding Will Help Make West Hills Golf Course a Driving Force in New Brunswick, Canada
	$9.78 Million Loan From Kennedy Funding Facilitates 571-Acre New York Resort Purchase
	$12 Million loan from Kennedy Funding saves Mississippi Shores Of Paradise project in wake of Katrina
	$50 Million Loan From Kennedy Funding to Saguaro Ranch Heats up the Tucson Desert With a 1,035 Acre/180-Lot Luxury Residential and Intimate Resort Development
	JEFFREY WOLFER AIDS KATRINA RECOVERY EFFORT
	$6.8 Million Loan From Kennedy Funding Puts the Beat in Houston Nightclub
	Kennedy Funding Sets 'Land Speed' Record — Closes $3.25m Vegas Acquisition Loan in 48 Hours
	$40 million loan from Kennedy Funding facilitates 214-acre Florida land purchase
	8 properties in 5 states change hands in one transaction thanks to $6 million loan from Kennedy Funding
	Kennedy Funding Loans $6.5 Million for One of the Last Land Parcels On the Outer Banks
	$12 Million Loan From Kennedy Funding Buys Prime Land on the Navesink River
	$4 Million From Kennedy Funding Buys Hotel And Additional Land Near Walt Disney World
	$5.5 Million Acquisition Loan from Kennedy Funding Puts Michigan Condos Back on Track
	Kennedy Funding Loans $10 Million for Park Avenue Duplex Condominium
	$2.5 Million Loan From Kennedy Funding Takes Detroit Hospital Off Life Support
	Kennedy Funding Lends $2.7 Million to Aquaplex Project in Wisconsin
	Kennedy Funding Rescues Blue Ridge Mountains' Developer
	Kennedy Funding Introduces New Low Rate Loan Program
	Non-Profit Philadelphia Hospital Gets Life-Saving Loan of $5.325 Million From Kennedy Funding
	$2.5 Million Loan From Kennedy Funding Fuels Purchase of Florida Sunoco Station
	$3.5 Million loan from Kennedy Funding delivered in record time to development company in Florida
	Kennedy Funding's $2.6 million loan rescues bankrupts company in Camden, New Jersey
	New Resort to Rise on Sandy Beach in Puerto Rico, Thanks to Loan From Private Lender Kennedy Funding
	$4 Million Loan From Kennedy Funding Helps Developer Bring Gaming Enterprise to Mexico City
	Country Club with Golf Course Coming to Maine with Help of $3.4 Million Loan From Kennedy Funding
	Home improvement company spruces up with $3.5 million loan from Kennedy Funding
	Highrollers meet steamrollers as Kennedy Funding loans $18.5 million for major development on Las Vegas strip
	Kennedy Funding Loans $3.9 Million to Developers for St. Croix, Virgin Islands Resort
	Kennedy Funding borrower returns for second loan to build condos on island of Cozumel, Mexico
	Kennedy Funding's $3.4 million loan will help provide affordable housing in Mexico
	Kennedy Funding's $5.2 million loan paid back by borrower in record time
	Kennedy Funding loans $6.6 million to developer of Florida beachfront condos
	Kennedy Funding lands in paradise with $5.4 million loan to developer of Fiji island resort
	Kennedy Funding loans $3 million to California developer
	Kennedy Funding Lends $1.5 Million to Colorado Developer for New Community adjacent to Vail's Keystone Resort
	Kennedy Funding Lends $2.3 Million to Mexican Developers
	Kennedy Funding Receives $14.5 Million Payback On Defaulted Loan from Penthouse Founder Guccione
	Kennedy Funding Lends $18 Million to Developers of Next 'Sun Valley'
	Kennedy Funding issues $5.3 million loan to Travis Boats & Motors (NASDAQ: TRVS)
	Kennedy Funding bails out South Florida Developer with quick $3 million second mortgage bridge loan
	Kennedy Funding lends $1.8 million to Port Saint Lucie, Florida Developer
	Kennedy Funding Expands Media Expertise With Loan To Hispanic Radio Station
	Kennedy Funding Lends $6 Million To Leading Operator Of Charter Schools
	Kennedy Funding Scores Hole-In-One with Multimillion Dollar Loan to Golf Course Developer
	Kennedy Funding’s Two Day Loan Rescues Building From Foreclosure
	In Private Lending, Bigger is Better
	Kennedy Funding Loan of $2.2 Million Breaths ‘New Life’ Into Funeral Home
	Quick $3.5 Million Loan by Kennedy Funding Funds Acquisition of Former Hospital
	Michigan Hoteliers Do It Their Way with Multimillion Dollar Loan from Kennedy Funding
	Guccione Gets $35 Million Reprieve
	NJ Lender Bails Out Auto Dealer in Far-Off St. Maarten
	Kennedy Funding Expands Lending Expertise with Loan to NYC TV Station
	Kennedy Funding Plays Key Role in $66 Million Loan to Florida Developer
	Kennedy Loan Funds Conversion of Dormant Inn to a State of the Art Ramada Plaza Hotel
	Kennedy Funding Lends $16.5 Million to Developer of Arizona Championship Golf Club
	Private Lenders Emerge as Main Source of Capital as $30 Billion in Commercial Loans Are at Risk
	Hackensack Lender Provides $7.1 Million Loan for Major Land Deal in Texas
	Kiwi Gets $2.2 Million to Help Recovery
	Kennedy Funding's $1.1 million loan rescues recycling pioneer from bankruptcy
	Kennedy Funding takes to high seas with $5.1 million loan to international shipping line
	Kennedy Funding lends assisted-living housing facility $500,000 to pay down $1.9 million Hud loan
	Kennedy Funding's $7.6 Million Loan Helps MPTV, Inc. Launch Las Vegas Time Share Project
	Kennedy Funding rescues bankrupt developer with creative financing

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