POCONO TOWNSHIP, PA, July 11, 2006 – Alan and Adam Luckner of Bridge Associates of Pocono Township, L.P., had some interesting plans for Ski Side Village, a timeshare project nestled at the foot of Camelback Mountain in the Pocono Mountains of Pennsylvania. They wanted to transfer certain existing timeshares to existing three-bedroom units, in order to free up certain two-bedroom units so they could be sold as condominiums. There were a total of 26 units that would become free and clear, and the Luckners wanted to use them as collateral for a loan in order to repay certain existing obligations, and to refurbish some of those units. The two-bedroom units each have two stories, and measure approximately 1,300 square feet. On the first floor, there is a vaulted ceiling living room with a brick fireplace, kitchen, and dining room on a stepped up floor, and a bedroom and full bath in the rear. A staircase leads to the master bedroom, featuring a full bath with a sunken tub and dry sauna, and wooden decks extend from each bedroom.

The only possible stumbling block to the plan was finding a lender willing to accept the proposed units as collateral. Fortunately for the Luckners and Bridge Associates, they had a prior history with Kennedy Funding, headquartered in Hackensack, NJ. Kennedy Funding is a commercial real estate lending company that specializes in unconventional financing where speed and attention to special circumstances are critical. Their unique lending program has made them one of the largest direct, private lenders in the country, because they recognize that loans must often be structured around each client’s unique set of financial circumstances.

“It’s always a pleasure doing business with the Luckners,” said Jeffrey Wolfer, President and co-CEO of Kennedy. “We’ve done successful deals in the past together, and this one looked very good. Ski Side Village is right in the middle of ’ski country’, with great views of the Camelback ski slopes. The condominium units are extremely attractive and intelligently priced, so we had no problem making a loan to Bridge Associates for $1.65 million.”

Kennedy Funding’s evaluative process is quick, expert, and thorough, determining the intrinsic value of both the collateral and the project for which the funds are requested. The firm has the ability to issue loan commitments in as little as 24 hours, which can lead to a closing in less than a week. Available financing ranges from $1 million to $100 million and more.

While specializing in commercial real estate loans, Kennedy has funded such diverse enterprises as high-profile golf courses, amusement parks, TV and radio stations, airlines, and sports complexes, among others. Professionals including land-use developers, resort builders, entrepreneurs, and major businessmen have used the services of Kennedy Funding to great success. Kennedy can fund up to 65% loan-to-value for commercial land development, acquisitions, workouts, refinancing, bankruptcies, and foreclosures.