In a market where closed loans are rare, Kennedy comes through quickly.

LAKE HILLS, TEXAS, November 6, 2008 — In one of the most difficult lending markets in history, Kennedy Funding continues to not only close loans, but continues to close raw land loans. Case in point: Kennedy’s recent multi-million-dollar working capital loan to JMJJ, LLC for their planned lakefront, gated golf course community, Medina Lake Estates. The 607.58-acre property, located approximately 25 miles northwest of San Antonio, includes lakefront acreage on Lake Medina.

Across the nation, everyone is aware of the downturn of both the real estate and credit markets. Strong buyers with excellent credit can find it difficult to secure financing for partially completed projects in prime locations. Raw land loans, secured only by undeveloped property are all but unheard of. This quickly became evident to developer JMJJ, LLC as they sought funding to keep the Medina Lake Estates project moving along on schedule.

“The San Antonio market has been resilient,” according to Jeffrey Wolfer, President & Co-CEO of Kennedy Funding, Inc., “But the demand for vacation and second homes in the Lake Medina area has softened with the rest of the national real estate market.” He continued, “While it seems other lenders won’t even consider raw land loans, we’ve never considered stopping them. We look at more than just problems—we look for the potential in a property. Raw land loans are an important part of the economy. Without them, many great projects would never have gotten off the ground.”

Kennedy Funding is a pioneer in the category of “situational lending,” providing loans of $1 million to $100 million or more with commitments in as little as 24 hours and closings in as quickly as five days. As the leader in direct private lending, Kennedy has extensive experience in funding in a wide range of business sectors. Unlike the methods used by many traditional lenders, Kennedy sees each borrower as unique, evaluating each situation individually.

Specializing in commercial real estate bridge loans for domestic and global clients, Kennedy provides up to 65% loan-to-value for land acquisition, development, refinancing, construction, bank workouts, bankruptcies and foreclosures. Across the nation and around the world, Kennedy has produced funding for conventional and unconventional projects, often succeeding when other financial institutions cannot.