Kennedy Funding Closes Refinance Loan for 40-46 Church Street in Montclair, NJ

ENGLEWOOD, N.J. – Kennedy Funding has announced the closing of a refinancing loan for 40-46 Church Street in Montclair, New Jersey, a 2-story, 3-building mixed-use property offering both retail and office space in the heart of downtown.

Located in one of Montclair’s most vibrant corridors, the property—known locally as The Hall Building—is positioned for long-term growth. However, when it came time to secure financing, other lenders hesitated. That’s where Kennedy Funding stepped in.

“We see this time and time again,” said Executive Loan Officer Edwin Urrego. “Traditional lenders slow down or shy away when there’s perceived risk. Our ability to act quickly, evaluate creatively, and fund decisively is what makes deals like this possible.”

The refinancing loan provided the borrower with the flexibility needed to consolidate debt and position the property for future success, ensuring ongoing improvements and upgrades that will enhance both retail and office spaces.

Kennedy Funding’s speed made the difference. In a competitive lending environment, the firm was able to move rapidly from evaluation to closing—bridging the gap where traditional lenders could not.

“This deal perfectly illustrates what Kennedy Funding does best,” said Kevin Wolfer, CEO/President of Kennedy Funding. “We step in where other lenders can’t or won’t. When time matters most, our team delivers the funding solutions needed to keep projects moving forward.”

About Kennedy Funding
Kennedy Funding is a global direct private lender specializing in bridge loans for commercial property and land acquisitions, developments, workouts, bankruptcies, and foreclosures. With over $4 billion in closed loans to date, the firm provides creative financing solutions—up to 75% loan-to-value—from $1 million (internationally $3 million) to over $50 million, often in as little as five days.

Kennedy Funding operates across the United States, the Caribbean, Europe, Canada, and Central and South America.