Salem, OH, September 12, 2006 — Kennedy Funding, one of the largest direct private lenders in the industry, has become known for its successes in situational lending and for specializing in raw land loans. But when it comes to consolidation loans and refinancings, traditional institutions and conventional lenders have been the providers of choice. Until now.

Melissa Snively was doing pretty well. She had purchased the Timberlanes of Salem, a hotel, restaurant, and banquet facility in Salem, Ohio a few years back, and had built the business while improving and renovating the premises. The 1.15-acre property contains the buildings: a 54-room, two-storey hotel, the restaurant which seats 225 in the main dining room and another 150 in a private dining room, the Wallaby’s Restaurant and Bar on the lower level which seats 275, the main banquet room which seats 660, and can be divided into six meeting rooms, and another room which seats 25. Now that she was realizing a healthy income from the hotel operations, Snively decided she would like to consolidate her debt, offering the entire facility as collateral.

Things are not always as simple as they seem, however, and Ms. Snively soon found out that securing her loan would not be as easy as she had first thought. This was because the previous owner had failed to disclose certain material information regarding the condition of the property and, as a result, she needed to find a lender who was both fast and adept at handling problems. So it was hardly surprising when a business associate recommended Kennedy Funding.

“I’m so thankful to Kennedy,” she said. “Kevin Wolfer and Amy Buck Harmon turned what could have been a very stressful situation into one I could handle. Not only were they extremely competent, they were very helpful every step of the way.”

Kennedy Funding is a lender with a unique perspective. Unlike traditional lending institutions that can drag the loan process into a weeks-long or months-long ordeal, Kennedy prides themselves on being able to close loans quickly, even when the loan may look difficult to someone else. As Co-CEO Kevin Wolfer states, “We’ve positioned ourselves as the situational lender that can get the job done, regardless of how challenging it may seem initially. Our combination of speed, creativity, and experience allows us to find solutions to even the most demanding of loans. In Melissa’s case, we were able to help her realize a comparatively quick resolution, as we have extensive experience and know-how in the hotel and restaurant industries.” Also helpful was the fact that the hotel has an average occupancy rate above 60%, the restaurant is quite profitable, and the operation as a whole is earning a generous net income.

The get-it-done attitude that Kennedy Funding brings to the table for each transaction enables the firm to issue loan commitments in as little as 24 hours, which can lead to a closing in as little as five days or less. Available financing ranges from $1 million to $100 million or more. Kennedy Funding is skilled in a wide range of business sectors, and focuses a great deal of collective expertise and dedication upon each loan application.

While Kennedy specializes in commercial real estate bridge loans, their flexibility and diversity have also resulted in loans for a wide range of enterprises, including amusement parks, high-profile golf course, TV and radio stations, airlines and sports complexes. Across the country and around the world, Kennedy Funding has produced funds for conventional and unconventional projects, often lending when other, more traditional financial institutions cannot or will not. They can fund up to 75% loan-to-value for commercial land development, workouts, refinancing, bankruptcies, and foreclosures.