HACKENSACK, N.J., October 03 – It was the vision of developer Costa Blanca II that the Tierra del Sol resort community in Orlando, Florida be designed as an exercise in luxury living. Set on 120 acres, the development would offer 540 townhome units, 432 condominium units, an expansive clubhouse with virtually every conceivable amenity, and panoramic views toward nearby Walt Disney World and the surrounding countryside. But thepièce de résistance would be one of Florida’s largest water complexes, featuring a wave pool, Flowrider surfing pool, lazy river, swimming pools, water slides, secluded spas, and a four-story children’s water park. The community was to be nothing less than a Mediterranean jewel set amidst a tropical garden.

If, that is, Costa Blanca II could find a lender to give them a development loan. They wanted to put up 38 acres on the east side of the property as collateral and, of course, they wanted the loan to close quickly – the faster they closed, the faster they could build. Such a loan wasn’t so easy to locate, however, as the majority of lenders were tending to bow out of the Florida land market entirely. Plans could have come to a screeching halt . . . had they not found Kennedy Funding.

With headquarters in Hackensack, New Jersey, Kennedy Funding is the industry’s largest direct private lender. They are also known in the community as the lender that does the impossible, primarily because of their unrivaled speed and flexibility, which allows them to undertake and successfully complete even the most problematic of loans. Since 1987, Kennedy has done what other lenders cannot: deliver multimillion-dollar loans and deliver them not in weeks or months, but in days.

Said Kevin Wolfer, Kennedy Co-CEO, “What we really do is situational lending. That is, we look at each loan as an entity in and of itself, and decide on its viability unhindered by pre-conceived patterns or templates. Banks and other traditional lenders attempt to fit every loan into ‘cookie-cutter’ formats and, as a result, many loans don’t make it.” According to Wolfer, that gives Kennedy a considerable advantage. “We looked at the Tierra del Sol plan, we looked at the property, and we looked at the surrounding area and developments. Everything we saw, we liked, including the fact that the project was just minutes from Disney World. And even though conventional lenders are shying away from land deals in Florida, we saw Costa Blanca’s vision and knew we could make the loan happen. So we proceeded to do so in an expeditious manner.”

Kennedy Funding can issue loan commitments in as little as 24 hours, which often leads to closings in as little as five days and, in some cases when time is critical, even quicker. Available financing ranges from $1 million to $100 million and more. The staff at Kennedy Funding is skilled in a wide range of business sectors, and focuses an impressive amount of expertise, experience, and dedication on each loan application.

While specializing in commercial real estate bridge loans, Kennedy’s flexibility and diversity has also resulted in loans for a wide range of enterprises, including amusement parks, high-profile golf courses, TV and radio stations, airlines, even sports complexes. Throughout the world, Kennedy has produced funds for conventional and unconventional projects, often succeeding where other financial institutions cannot. Kennedy can fund up to 65% loan-to-value for commercial land development, acquisitions, workouts, refinancing, bankruptcies, and foreclosures.