Hackensack, NJ, March 28, 2007 — William Planes’ company, Trinity Town Center, LLC, owned a 13.49-acre parcel of land in the Trinity area of Pasco County, Florida, and had obtained final subdivision approval and permitting for development of a mixed-use Retail and Office Complex. Everything
looked to be in order for Planes’ envisioned destination lifestyle center.

The development would be impressive when finished. It would have over 200,000 square feet of office and retail space in 15 buildings of one, two, and three stories. There would also be several restaurants, commercial and medical uses, along with 845 parking spaces, about half of which would be on the surface. The attractive complex would combine a traditional look and
a contemporary feel, with masonry construction and streets surfaced with pavers. And Planes wanted to get started, for a couple of compelling reasons.

First, he had all his approvals and permits, and there was no need to wait. The second and most compelling reason was that pending impact fee increases would elevate the cost by literally millions of dollars, a powerful motivation to commence construction. Planes had thought that the problem was solved when he received a commitment from a private lender for a loan that would allow him to start building. But after ten months of waffling and excuses, the lender couldn’t fund — and Planes was without a loan.

So, to avoid the crippling fee increases, Planes began anyway, without funding and using his own money. He preserved the lower impact fees, but found himself needing a loan to continue the project. And, admittedly, he was now a bit leery of private lenders.

Until he met with Kennedy Funding, and finally found one he could trust.

Kennedy Funding, headquartered in Hackensack, New Jersey, is the industry’s leading direct private lender. They are at the forefront of
situational lending, which means that, unlike traditional lending institutions, Kennedy offers unparalleled speed in closing, and looks at each loan on its own merits. If the loan is deemed feasible, Kennedy uses their years of experience in dealing with ‘unusual’ loans to make it happen, sometimes in record time. According to Jeffrey Wolfer, Kennedy President and Co-CEO,
“A lot of people look at what we do, and think we do the impossible. Maybe it is, to them. But the difference is, we’ve never believed anything was impossible and, unlike the banks, we don’t use cookie-cutter rules to disqualify a loan just because it doesn’t fit some arbitrary pattern. In William’s case, he had the misfortune to become involved with a lender of questionable repute, and suffered the consequences. But we knew his loan was a good one immediately. Pasco County is growing rapidly, there is a lot of construction going on or in the planning stages, and Trinity Town Center is unique to the area. Its location is ideal, with a subdivision and a professional-grade golf course right next door. We had no problem closing his loan in two weeks.”

Kennedy Funding’s streamlined evaluation process gives them the ability to issue loan commitments in as little as 24 hours, with closings in as little as five days, and often in no more than two weeks. With a deep source of funds at their disposal, available loans range from $1 million to $100 million and more when the need is there. Part of their uniqueness comes from a policy based upon flexibility, as witnessed by their willingness to accept raw land as collateral, and to fund developments in international locales as far-flung as Fiji.

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 prominent businessmen have used the services of Kennedy Funding to great success. They can fund up to 75% loan-to-value for commercial land development, acquisitions, workouts, refinancing, bankruptcies, and foreclosures.