Hackensack, NJ, June 01, 2008 – MOA Hospitality, Inc. owns 33 national brand- affiliated, one- to three-star hotels across the United States, which it operates and/or leases to operators under lease/purchase programs. MOA’s focus is on limited service brands, including Best Western, Comfort Inn, Days Inn, Fairfield Inn and Suites, Howard Johnson, Microtel, Ramada Limited, Super 8, and Travelodge. Their hotel properties are located in 19 states, covering an area from Ellsworth, Maine, to Orlando, Florida, to Los Angeles, California, to Spokane, Washington.

MOA has a good relationship with the American public, making new customers of travelers literally every month of the year. They also have a good relationship with their lender, having received two loans from them in 2007 for restructuring and investment purposes. Putting some of their many properties up as collateral, MOA borrowed a total of $10.8 million, and each of the two loans proceeded expeditiously.

If was therefore natural that, when MOA was in the market for a third loan, they should contact the lender who had closed the first two, the lender with whom they were establishing a strong lender-repeat client bond … the lender named Kennedy Funding.

Kennedy Funding, headquartered in Hackensack, New Jersey, is one of the industry’s largest direct private lenders. This is due in large part to what Kennedy brings to the lending table: speed and flexibility. They routinely close multimillion-dollar loans in days, instead of weeks or months. And they are well aware that every loan is unique, and must be considered on its own merits. Their success is also very likely due to the fact that almost no one, especially in the traditional banking industry, is closing loans these days – with the notable exception of Kennedy Funding.

Said Kennedy President and Co-CEO Jeffrey Wolfer, “It’s no secret that the conservative banking industry is hesitant to make any sort of loan today. They simply will not, or cannot, take the risk. But we have the funding to lend, and we have the will, and we can completely identify with our clients’ vision and desire to close a loan. MOA knows this, and knows us from experience, and we’ve gotten along especially well with them since the beginning. Everyone who’s traveled at all in this country knows their motels and hotels on sight, and they provide affordable hospitality for thousands of people, year in and year out. The properties they offered for collateral are all well located, in areas that are reasonably well traveled, and we always enjoy doing business with them.”

MOA wanted to put up two collateral properties for their third loan. One was a Super 8 motel in Louisville, Kentucky, located on 1.48 acres, and offering 100 guest rooms. The second was a Days Inn in Greenwood, South Carolina, a three-story building with a total of 60 guest rooms. Both properties were fully operational, with ongoing businesses.

“Both properties were in good shape, just as we expected,” added Wolfer. “They each had been renovated, with new lighting, carpeting, paint, fixtures, furniture, and the like. And the present operators had plans to do more. We obviously appreciate clients such as MOA, those who see the value of building ongoing relationships in what can diplomatically be called an uncertain economy, at best. But they kept coming back, and we kept stepping up, and it was a pleasure to close their third loan for $1.5 million. We would work together with them again in a minute.”

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. 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.

Specializing in commercial real estate bridge loans, their flexibility and diversity have resulted in loans for a wide range of applications, including land acquisition, development, refinancing, construction, bank workouts, bankruptcies, and foreclosures. Across the country and around the world, Kennedy has produced funds for conventional and unconventional projects, often succeeding when other financial institutions cannot. They can fund up to 65% loan-to-value for commercial land development, acquisitions, workouts, refinancing, bankruptcies, and foreclosures.