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	<title>Kennedy Funding News</title>
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	<link>http://newsroom.kennedyfunding.com</link>
	<description>Creative Financing Expertise Covering a Wide Variety of Topics</description>
	<pubDate>Wed, 09 Sep 2009 20:32:53 +0000</pubDate>
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		<title>Kennedy Funding closes loan with Michigan developer for working capital on nine properties featuring hundreds of units.</title>
		<link>http://newsroom.kennedyfunding.com/2009/09/09/kennedy-funding-closes-loan-with-michigan-developer-for-working-capital-on-nine-properties-featuring-hundreds-of-units/</link>
		<comments>http://newsroom.kennedyfunding.com/2009/09/09/kennedy-funding-closes-loan-with-michigan-developer-for-working-capital-on-nine-properties-featuring-hundreds-of-units/#comments</comments>
		<pubDate>Wed, 09 Sep 2009 20:28:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=370</guid>
		<description><![CDATA[HACKENSACK, N.J., September 9, 2009 — With nearly 200 lots and units spread across nine properties outside Detroit, Michigan, Michael A. Chirco of MJC Land Investments, LLC needed working capital. The problem, it seemed, was that no one was closing commercial loans in Michigan—especially on land-based deals. The answer he needed was more than 500 miles to the east.]]></description>
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		<title>Kennedy Funding Invitational donates $500,000 to fight breast cancer.</title>
		<link>http://newsroom.kennedyfunding.com/2009/08/18/capacity-crowd-at-andre-agassi-match-helps-push-donations-past-3-million-mark-at-annual-kennedy-funding-invitational/</link>
		<comments>http://newsroom.kennedyfunding.com/2009/08/18/capacity-crowd-at-andre-agassi-match-helps-push-donations-past-3-million-mark-at-annual-kennedy-funding-invitational/#comments</comments>
		<pubDate>Tue, 18 Aug 2009 19:32:49 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=353</guid>
		<description><![CDATA[HACKENSACK, NJ/NEW CITY, NY, August 18, 2009 —Most lenders are scrambling for business. Many are fighting just to remain in business. Yet for months, the team at Kennedy Funding has been working day and night for one of its nearest and dearest clients—The Kennedy Funding Invitational charity tennis tournament to fight breast cancer. ]]></description>
		<wfw:commentRss>http://newsroom.kennedyfunding.com/2009/08/18/capacity-crowd-at-andre-agassi-match-helps-push-donations-past-3-million-mark-at-annual-kennedy-funding-invitational/feed/</wfw:commentRss>
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		<title>Despite Trends, Kennedy Funding Races to Close $1 Million Loan for Auto Dealer</title>
		<link>http://newsroom.kennedyfunding.com/2009/06/03/despite-trends-kennedy-funding-races-to-close-1-million-loan-for-auto-dealer/</link>
		<comments>http://newsroom.kennedyfunding.com/2009/06/03/despite-trends-kennedy-funding-races-to-close-1-million-loan-for-auto-dealer/#comments</comments>
		<pubDate>Thu, 04 Jun 2009 00:19:55 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=347</guid>
		<description><![CDATA[HACKENSACK, NEW JERSEY, June 3, 2009 -- Kennedy Funding, America's leading direct private lender, is pleased to announce it has closed a $1 million loan to the Sims Family Limited Partnership. The loan will be used as working capital for a used car dealership and service center located on the 5.67-acre property in Broadview, Ohio. The 28,209-square foot facility is owned by Andy Sims Buick, Inc. "The automotive industry is down overall. In particular, the market is shrinking for new car dealerships right now. But the demand is increasing for used cars and consumers will continue to need parts and service for used cars. Great potential exists in that niche of the industry," notes Jeffrey Wolfer, President &#038; Co-CEO of Kennedy Funding, Inc. "But too many lenders don't look that far -- they simply see numbers that don't meet certain criteria and an industry that's on the decline. We look much closer, comparing similar properties in the area and examining the future potential and the possibilities of the surrounding area. We believe the borrower has a strong plan and we were able to close the loan quickly."]]></description>
		<wfw:commentRss>http://newsroom.kennedyfunding.com/2009/06/03/despite-trends-kennedy-funding-races-to-close-1-million-loan-for-auto-dealer/feed/</wfw:commentRss>
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		<title>Andre Agassi playing to fight breast cancer—Tickets on sale NOW!</title>
		<link>http://newsroom.kennedyfunding.com/2009/05/21/andre-agassi-playing-to-fight-breast-cancer%e2%80%94tickets-on-sale-now/</link>
		<comments>http://newsroom.kennedyfunding.com/2009/05/21/andre-agassi-playing-to-fight-breast-cancer%e2%80%94tickets-on-sale-now/#comments</comments>
		<pubDate>Thu, 21 May 2009 22:42:28 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=336</guid>
		<description><![CDATA[Legendary tennis great will appear in Cole Schotz Celebrity Match 
at The Kennedy Funding Invitational on July 12

 NEW CITY, NEW YORK, May 21, 2009 —Tennis legend Andre Agassi, a favorite among fans and players throughout his 20+ year career, will appear at The Kennedy Funding Invitational, a charity tennis tournament to raise awareness and funding to fight breast cancer. The fourth annual event will be held July 8-12 at Dellwood Country Club in New City, NY. In addition to Men’s and Women’s tournaments, the Cole Schotz Celebrity Match has become a highlight of the annual festivities. The Celebrity Match will be on Sunday, July 12 at 4:00 pm.]]></description>
		<wfw:commentRss>http://newsroom.kennedyfunding.com/2009/05/21/andre-agassi-playing-to-fight-breast-cancer%e2%80%94tickets-on-sale-now/feed/</wfw:commentRss>
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		<title>Despite the economy, bridge loan business is booming at Kennedy Funding</title>
		<link>http://newsroom.kennedyfunding.com/2009/04/28/despite-the-economy-bridge-loan-business-is-booming-at-kennedy-funding/</link>
		<comments>http://newsroom.kennedyfunding.com/2009/04/28/despite-the-economy-bridge-loan-business-is-booming-at-kennedy-funding/#comments</comments>
		<pubDate>Tue, 28 Apr 2009 21:28:11 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=168</guid>
		<description><![CDATA[Leading direct private lender closes over $199 million in loans

HACKENSACK, NEW JERSEY, April 28, 2009 —While gloom, despair and the downfall of large lending institutions were capturing the lion’s share of media attention, the triumphs of Kennedy Funding steadily continued. During a period that saw many competitors close their doors, Kennedy quickly closed over $199 million in commercial loans, many of which were to return clients, back for their second or third loan from the nation’s leading direct private lender.

Kennedy’s loans continue to span a range of sizes and types. One of the few lenders that will even consider raw land loans, Kennedy’s recent deals also involved traditional land acquisition and development, as well as projects in multifamily residential, retail, office, hospitality and industrial development.]]></description>
		<wfw:commentRss>http://newsroom.kennedyfunding.com/2009/04/28/despite-the-economy-bridge-loan-business-is-booming-at-kennedy-funding/feed/</wfw:commentRss>
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		<title>$8.7 million loan from Kennedy Funding helps fund largest commercial development of its type in South Carolina history</title>
		<link>http://newsroom.kennedyfunding.com/2009/02/19/87-million-loan-from-kennedy-funding-helps-fund-largest-commercial-development-of-its-type-in-south-carolina-history/</link>
		<comments>http://newsroom.kennedyfunding.com/2009/02/19/87-million-loan-from-kennedy-funding-helps-fund-largest-commercial-development-of-its-type-in-south-carolina-history/#comments</comments>
		<pubDate>Thu, 19 Feb 2009 21:27:34 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=166</guid>
		<description><![CDATA[HACKENSACK, NEW JERSEY, February 19, 2009 — Kennedy Funding, a leading direct private lender based in Hackensack, NJ, has closed a $8,700,000 loan to Weber USA Corporation of North Charleston, South Carolina. The loan is being used for working capital and to refinance present debt on the largest commercial development of its type ever in South Carolina—a 658.89-acre, $750,000,000 joint venture project that will span over 20 years. Joining Weber USA on this mammoth project is Weiser Ingleside, LLC.

Situated within the city limits of North Charleston, the 658.89 acres are made up of three tracts, two of which are contiguous. Zoning designations on the property vary, ranging from single-family and multi-family residential to commercial and light manufacturing. Roads that will enable improved accessibility to the property have not been completed by the city as scheduled, prompting a re-evaluation of the land.]]></description>
		<wfw:commentRss>http://newsroom.kennedyfunding.com/2009/02/19/87-million-loan-from-kennedy-funding-helps-fund-largest-commercial-development-of-its-type-in-south-carolina-history/feed/</wfw:commentRss>
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		<title>Tennis legend Andre Agassi joins Kennedy Funding in the fight against breast cancer.</title>
		<link>http://newsroom.kennedyfunding.com/2009/02/01/tennis-legend-andre-agassi-joins-kennedy-funding-in-the-fight-against-breast-cancer/</link>
		<comments>http://newsroom.kennedyfunding.com/2009/02/01/tennis-legend-andre-agassi-joins-kennedy-funding-in-the-fight-against-breast-cancer/#comments</comments>
		<pubDate>Sun, 01 Feb 2009 21:26:29 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=164</guid>
		<description><![CDATA[4th annual Kennedy Funding Invitational to be held July 8-12 at Dellwood Country Club in New City, NY

HACKENSACK, NJ — Passion and commitment have not only made Kennedy Funding the nation’s leading direct private lender, they’ve also helped the charity tennis tournament we began four years ago become one of the premier events of its kind.

The Kennedy Funding Invitational combines the excitement and competition of world-class tennis with the fight against breast cancer. Each summer, tennis professionals and fans gather, with the goal of improving the diagnostic capabilities and care at two outstanding breast care centers in Englewood, NJ and Nyack, NY. Now in its fourth year, the event will again be held at Dellwood Country Club in New City, NY between July 8-12 and promises to be even bigger and better than ever.

In addition to outstanding competition, the celebrity exhibition match has become a traditional highlight of the five-day event. Past participants have included former champions Pete Sampras and John McEnroe. This year, we’re proud to have one of the all time greats, Andre Agassi join the cause, playing in the exhibition match and appearing at various events throughout the tournament.]]></description>
		<wfw:commentRss>http://newsroom.kennedyfunding.com/2009/02/01/tennis-legend-andre-agassi-joins-kennedy-funding-in-the-fight-against-breast-cancer/feed/</wfw:commentRss>
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		<title>Loan from Kennedy Funding helps buy buildings, business and equipment in paradise.</title>
		<link>http://newsroom.kennedyfunding.com/2009/01/20/loan-from-kennedy-funding-helps-buy-buildings-business-and-equipment-in-paradise/</link>
		<comments>http://newsroom.kennedyfunding.com/2009/01/20/loan-from-kennedy-funding-helps-buy-buildings-business-and-equipment-in-paradise/#comments</comments>
		<pubDate>Tue, 20 Jan 2009 21:24:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=162</guid>
		<description><![CDATA[HACKENSACK, NEW JERSEY - January 20, 2009 — Kennedy Funding, a leading direct private lender based in Hackensack, NJ, has closed a $820,000 loan to Oracle Business Development, LLC. The loan will enable the owner to purchase a 1.03-acre site (zoned for light industrial), and an existing 5,400-square foot main building (that houses a vacant machine shop and four other active businesses) on the island of St. Croix in the United States Virgin Islands. The site itself, plus a nearby 1.29-acre residential property, is being used as collateral.

Like most real estate markets, property values in St. Croix have declined.
The occupied industrial building is leased, but the current terms are only short-term. The largest section of the building, the machine shop, is not currently rented. Needless to say, banks were not eager to close on this
loan with its current lease structure and vacancies.

The developer knew that the best chance was with Kennedy Funding. After carefully evaluating the property, the surrounding area and economy, and the prospects for the future, Kennedy committed to the loan and expedited the loan process.]]></description>
		<wfw:commentRss>http://newsroom.kennedyfunding.com/2009/01/20/loan-from-kennedy-funding-helps-buy-buildings-business-and-equipment-in-paradise/feed/</wfw:commentRss>
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		<title>Despite a sinking market, Kennedy Funding’s $1.321 million loan keeps residential project rising in New Hampshire mountains</title>
		<link>http://newsroom.kennedyfunding.com/2009/01/03/despite-a-sinking-market-kennedy-fundings-1321-million-loan-keeps-residential-project-rising-in-new-hampshire-mountains/</link>
		<comments>http://newsroom.kennedyfunding.com/2009/01/03/despite-a-sinking-market-kennedy-fundings-1321-million-loan-keeps-residential-project-rising-in-new-hampshire-mountains/#comments</comments>
		<pubDate>Sat, 03 Jan 2009 21:23:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=160</guid>
		<description><![CDATA[CITY OF LAKE FOREST, HACKENSACK, NEW JERSEY— Kennedy Funding, a leading direct private lender based in Hackensack, NJ, has closed $1,321,000 loan to Kill Mountain Realty, LLC. The loan will enable the developer to continue work on 48.5-acres of land that is part of a 200-acre Phase III development in Hebron, New Hampshire. The 48.5 acres are planned for 17 residential condominium lots. The developer plans to refinance present debt and complete the lots by installing power lines and completing the roadways.

Set on a picturesque New Hampshire mountainside, the property offers a bucolic setting and magnificent views of Newfound Lake in nearby Grafton. Plans had been progressing nicely, until the current financial crisis changed the real estate market.

The developer looked to Kennedy Funding to assist their progress. Kennedy needed to reevaluate the land, even though a complete evaluation had been done just three months earlier. All aspects involved had to be reconsidered in order to get an accurate value of the property and a valid analysis of the current situation.]]></description>
		<wfw:commentRss>http://newsroom.kennedyfunding.com/2009/01/03/despite-a-sinking-market-kennedy-fundings-1321-million-loan-keeps-residential-project-rising-in-new-hampshire-mountains/feed/</wfw:commentRss>
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		<title>Market slows, but Kennedy Funding&#8217;s $3.614 million loan keeps residential project moving for California developer</title>
		<link>http://newsroom.kennedyfunding.com/2008/12/02/market-slows-but-kennedy-fundings-3614-million-loan-keeps-residential-project-moving-for-california-developer/</link>
		<comments>http://newsroom.kennedyfunding.com/2008/12/02/market-slows-but-kennedy-fundings-3614-million-loan-keeps-residential-project-moving-for-california-developer/#comments</comments>
		<pubDate>Tue, 02 Dec 2008 21:22:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=158</guid>
		<description><![CDATA[CITY OF LAKE FOREST, CA, December 2, 2008 — Kennedy Funding, a leading direct private lender based in Hackensack, NJ, has closed a loan for $3,614,000 to Rancho Portola Investments, LLC. The loan is to help the developer continue work on a much-talked-about residential project in the City of Lake Forest in Orange County, California. The area is centrally located between Los Angeles and San Diego. When complete, the development would encompass a total of nearly 230 acres and would offer between 600 and 626 residential units and 30,000-40,000 sf of commercial space.

Everyone involved with the property and the project had to wait out the lengthy, drawn-out zoning, approval and permit processes. Finally, when it was determined that the nearby airport was to be decommissioned and the adjacent properties would be approved for residential use, the waiting was over.

At that point, capital was the problem, and in a slow market, securing a commercial mortgage with only the raw land as collateral is no easy task. Unless you call Kennedy Funding.]]></description>
		<wfw:commentRss>http://newsroom.kennedyfunding.com/2008/12/02/market-slows-but-kennedy-fundings-3614-million-loan-keeps-residential-project-moving-for-california-developer/feed/</wfw:commentRss>
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		<title>Kennedy Funding closes multi-million-dollar raw land loan for Texas developer</title>
		<link>http://newsroom.kennedyfunding.com/2008/11/06/kennedy-funding-closes-multi-million-dollar-raw-land-loan-for-texas-developer/</link>
		<comments>http://newsroom.kennedyfunding.com/2008/11/06/kennedy-funding-closes-multi-million-dollar-raw-land-loan-for-texas-developer/#comments</comments>
		<pubDate>Thu, 06 Nov 2008 21:18:22 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=154</guid>
		<description><![CDATA[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.]]></description>
		<wfw:commentRss>http://newsroom.kennedyfunding.com/2008/11/06/kennedy-funding-closes-multi-million-dollar-raw-land-loan-for-texas-developer/feed/</wfw:commentRss>
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		<title>Kennedy Funding closes $10.14 million loan for waterfront commercial space in Miami</title>
		<link>http://newsroom.kennedyfunding.com/2008/10/20/kennedy-funding-closes-1014-million-loan-for-waterfront-commercial-space-in-miami/</link>
		<comments>http://newsroom.kennedyfunding.com/2008/10/20/kennedy-funding-closes-1014-million-loan-for-waterfront-commercial-space-in-miami/#comments</comments>
		<pubDate>Mon, 20 Oct 2008 21:16:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=152</guid>
		<description><![CDATA[In the midst of the nation’s worst credit crisis, the Hackensack, NJ lender closes loan for space in 60-story condo tower overlooking Biscayne Bay

MIAMI, FL., October 20, 2008 - Kennedy Funding, one of the nation’s largest direct private lenders, has closed a $10.14 million loan to 888 Biscayne Enterprises, LLC. The loan is for the acquisition of the four-story commercial space in the recently completed Marina Blue Condominium building overlooking Biscayne Bay at 888 Biscayne Boulevard in Miami, Florida. The unfinished commercial space is comprised of four stories (three floors plus one mezzanine) and totals 44,000 square feet. Included with the commercial space are two terraces for outdoor seating and 185 dedicated parking spaces (50 more than required for the space) in the condominium building’s multi-level garage.]]></description>
		<wfw:commentRss>http://newsroom.kennedyfunding.com/2008/10/20/kennedy-funding-closes-1014-million-loan-for-waterfront-commercial-space-in-miami/feed/</wfw:commentRss>
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		<title>$15.1 Million Loan from Kennedy Funding Provides</title>
		<link>http://newsroom.kennedyfunding.com/2008/10/09/151-million-loan-from-kennedy-funding-provides/</link>
		<comments>http://newsroom.kennedyfunding.com/2008/10/09/151-million-loan-from-kennedy-funding-provides/#comments</comments>
		<pubDate>Thu, 09 Oct 2008 19:08:43 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=187</guid>
		<description><![CDATA[HACKENSACK, N.J., October 09 -- The Blackwell Human Services Campus in Philadelphia, Pennsylvania had been instrumental in providing humane treatment for some of society's most disenfranchised individuals, the mentally ill, since the 19th century. The organization was originally known as Kirkbride Center, after Dr. Thomas Story Kirkbride, who designed the original 1840 building, served as the Center's Administrator/Medical Director, and became renowned for championing mental health therapy. Thanks to his guidance over the years, the Center developed a reputation for innovation in the clinical and psychological arenas. And although much has changed since its founding, the institution has never strayed from its mission to provide compassionate care to people struggling with mental illness.

Today, its campus situated in peacefully rural surroundings, Blackwell provides care to people suffering from depression, schizophrenia, alcoholism, and drug addiction. Sadly, however, all was not well with Blackwell itself, and they urgently needed help in the summer of 2007.]]></description>
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		<title>$29.3 Million Loan from Kennedy Funding Helps Florida Developer Make a Big Splash with Luxury Residential Community and Water Park Complex</title>
		<link>http://newsroom.kennedyfunding.com/2008/10/03/293-million-loan-from-kennedy-funding-helps-florida-developer-make-a-big-splash-with-luxury-residential-community-and-water-park-complex-2/</link>
		<comments>http://newsroom.kennedyfunding.com/2008/10/03/293-million-loan-from-kennedy-funding-helps-florida-developer-make-a-big-splash-with-luxury-residential-community-and-water-park-complex-2/#comments</comments>
		<pubDate>Fri, 03 Oct 2008 19:10:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=190</guid>
		<description><![CDATA[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.]]></description>
		<wfw:commentRss>http://newsroom.kennedyfunding.com/2008/10/03/293-million-loan-from-kennedy-funding-helps-florida-developer-make-a-big-splash-with-luxury-residential-community-and-water-park-complex-2/feed/</wfw:commentRss>
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		<title>Bryan Clay, Olympic decathlon gold medalist, teams up with Kennedy Funding</title>
		<link>http://newsroom.kennedyfunding.com/2008/09/23/bryan-clay-olympic-decathlon-gold-medalist-teams-up-with-kennedy-funding/</link>
		<comments>http://newsroom.kennedyfunding.com/2008/09/23/bryan-clay-olympic-decathlon-gold-medalist-teams-up-with-kennedy-funding/#comments</comments>
		<pubDate>Tue, 23 Sep 2008 21:15:55 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=149</guid>
		<description><![CDATA[‘World’s greatest athlete’ joins forces with America’s leading private lender on promotional campaign

HACKENSACK, NJ, September 23, 2008 — American hero Bryan Clay, decathlon gold medalist from the 2008 Olympic Games in Beijing, will appear in advertising and promotions for Kennedy Funding of Hackensack, NJ, the nation’s leading direct private lender.

Specifics regarding the campaign or its planned media schedule have not yet been announced, but an initial photo shoot recently took place with Clay at Delbarton High School, a private academy in northern New Jersey. Flying in from a busy schedule of appearances that included the Republican National Convention and ringing the closing bell at the New York Stock Exchange, Clay worked with the team from Results Advertising of Hasbrouck Heights, NJ, advertising agency for Kennedy Funding before he took time out from posing to speak with the students of Delbarton.]]></description>
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		<title>Kennedy Funding closes $5 million loan on landmark NYC residential tower</title>
		<link>http://newsroom.kennedyfunding.com/2008/09/03/kennedy-funding-closes-5-million-loan-on-landmark-nyc-residential-tower/</link>
		<comments>http://newsroom.kennedyfunding.com/2008/09/03/kennedy-funding-closes-5-million-loan-on-landmark-nyc-residential-tower/#comments</comments>
		<pubDate>Wed, 03 Sep 2008 21:12:51 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://newsroom.kennedyfunding.com/?p=146</guid>
		<description><![CDATA[NEW YORK, NY, September 3, 2008 — Kennedy Funding, a leading direct private lender based in Hackensack, NJ, has closed a $5 million loan to 24 East 23rd Commercial, LLC. The loan is to help the developer continue work on a much-talked-about luxury residential project in the Flatiron district of Manhattan. With a dramatic 60-story high-end condominium tower, One Madison Park, already under construction, the developer needed funding for development costs for 23 East 22nd Street, yet another luxury condominium tower to be built directly behind One Madison Park.

Though not yet complete, the building has drawn a tremendous amount of attention in the press because of its size, unique design and highly desirable location facing Madison Square Park.]]></description>
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		<title>Kennedy Funding Closes Three Loans in Two Days</title>
		<link>http://newsroom.kennedyfunding.com/2008/08/11/kennedy-funding-closes-three-loans-in-two-days/</link>
		<comments>http://newsroom.kennedyfunding.com/2008/08/11/kennedy-funding-closes-three-loans-in-two-days/#comments</comments>
		<pubDate>Mon, 11 Aug 2008 18:14:04 +0000</pubDate>
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		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://kennedyfundingnews.com/?p=11</guid>
		<description><![CDATA[$27.35 Million Spurs Projects Spanning the Country

Hackensack, NJ, August 11, 2008 – In an economic environment where borrowers face increasing difficulty obtaining working capital from traditional lenders, Hackensack-based Kennedy Funding, Inc., closed three loans totaling over $27 million in two days. The direct lending organization, well known for expediency in issuing commitments and closing, provided funds to an Arizona mixed-use developer for a major retail/office center, to a publicly traded commercial building and management company in the Los Angeles area, and to a New York developer for residential build-outs.

The $11.5 million Arizona loan went to National Retail Development Partners (NRDP), for site development and construction of Ironwood Festival in prestigious Scottsdale. The complex will comprise 81,000 sq. ft. of retail space and over 31,000 sq. feet of offices in one of the Southwest’s fastest-growing areas. According to NRDP principals, the company was looking to close a transaction quickly to honor a purchasing contract on deadline and to move ahead with plans for putting up buildings to fit the Arizona landscape.]]></description>
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		<title>Kennedy Funding&#8217;s $7 Million Loan Moves Bownetree&#8217;s Queens Apartments Toward Completion</title>
		<link>http://newsroom.kennedyfunding.com/2008/07/28/kennedy-fundings-7-million-loan-moves-bownetrees-queens-apartments-toward-completion/</link>
		<comments>http://newsroom.kennedyfunding.com/2008/07/28/kennedy-fundings-7-million-loan-moves-bownetrees-queens-apartments-toward-completion/#comments</comments>
		<pubDate>Mon, 28 Jul 2008 18:20:52 +0000</pubDate>
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		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://kennedyfundingnews.com/?p=13</guid>
		<description><![CDATA[Flushing, New York - July 28, 2008 - Kennedy Funding, one of the nation’s largest direct private lenders announced that it has closed a $7 million loan to the New York development company Bownetree, LLC for completion of residential properties in Flushing, Queens. Bownetree’s Sam Suzuki plans to use the funds to complete build-out of an 8,800 sq. ft. parcel comprising five attached low-rise rental buildings, each with five two-bedroom units.

Finishing the interior structure of the buildings mandated an expedited loan and considering the lag time usually associated with conventional lenders, Bownetree turned to Kennedy Funding and was able to close within weeks.

“The Bownetree loan gives us an opportunity to help further development in the New York metropolitan area,” says Jeffrey Wolfer, Kennedy Funding President and Co-CEO. “Queens traditionally has attracted a wide variety of residents and professional establishments and the Bownetree apartments show potential of being an important part of the residential landscape. The buildings are up and near completion and represent solid value and a stable lending risk.”]]></description>
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		<title>Kennedy Funding Closes $11.5 Million Loan to National Retail Development Partners</title>
		<link>http://newsroom.kennedyfunding.com/2008/07/22/kennedy-funding-closes-115-million-loan-to-national-retail-development-partners/</link>
		<comments>http://newsroom.kennedyfunding.com/2008/07/22/kennedy-funding-closes-115-million-loan-to-national-retail-development-partners/#comments</comments>
		<pubDate>Tue, 22 Jul 2008 18:26:09 +0000</pubDate>
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		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://kennedyfundingnews.com/?p=18</guid>
		<description><![CDATA[Arizona Company Moves Ahead on Mixed-Use Complex

July 22, 2008 – Hackensack, New Jersey-based Kennedy Funding, Inc., the direct lending company with a record of closing transactions expediently, announces an $11.5 loan to National Retail Development Partners (NRDP AZV, LLC) for site development and construction of a mixed-use office and retail complex – Ironwood Festival – in Scottsdale, Arizona.

The developer already has obtained site approval for Ironwood Festival, which will comprise six structures holding over 81,000 sq. ft. of retail and 13,285 sq. ft. of office space. NRDP needed to add funding to its own substantial investment to proceed with development. In a market where traditional lenders are turning down even the most qualified borrowers or holding up loans through long application periods, NRDP wanted to close a transaction quickly so they could honor a purchase contract on deadline and move ahead with plans to establish an aesthetic and functional center fitting the Arizona landscape. Kennedy Funding was able to close the loan in just 14 days.]]></description>
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		<title>Chicago High Rise Moves Ahead with $8.36 Million Kennedy Funding Loan</title>
		<link>http://newsroom.kennedyfunding.com/2008/06/23/chicago-high-rise-moves-ahead-with-836-million-kennedy-funding-loan/</link>
		<comments>http://newsroom.kennedyfunding.com/2008/06/23/chicago-high-rise-moves-ahead-with-836-million-kennedy-funding-loan/#comments</comments>
		<pubDate>Mon, 23 Jun 2008 18:27:36 +0000</pubDate>
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		<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://kennedyfundingnews.com/?p=20</guid>
		<description><![CDATA[Chicago, Illinois, June 23, 2008 – A spectacular high rise residential condominium – Catalyst – will be taking shape in Chicago’s West Loop, thanks to an $8.36 million loan from Kennedy Funding, Inc. The Hackensack-based company recently closed that deal with Catalyst 123, LLC’s Gary A. Rosenberg, a well-known Chicago developer who founded Urban R2, the site purchaser.

Rosenberg contracted with renowned architect Lucien Lagrange to create a building with dramatic angles and distinctive colorful exterior. Once built, Catalyst will offer 217 residential units from the fifth to the 21st level, a three-level, enclosed parking garage with 225 spaces, and more than 15,000 sq. ft. of ground-level retail space. The 22nd floor will house a patio, party room, meeting room, exercise facility and more amenities -- including a massage therapy room, sauna, and Jacuzzi -- to appeal to the ever-growing population choosing the downtown lifestyle. The pet-friendly Catalyst also offers an indoor dog run. With its prevalent loft buildings The West Loop of Chicago is fast becoming the Midwest counterpart of New York’s Soho, with galleries, restaurants, and clubs. The area is accessible from every point in the city by car, bus, train or subway.

“Gary Rosenberg’s reputation as a seasoned real estate professional and quality developer precedes him, and the location, just minutes from the city’s central commerce area make this the kind of urban venture that warrants funding,” says Jeffrey Wolfer, president and Co-CEO of Kennedy Funding.]]></description>
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