Securing Land Loans: Kennedy Funding's Expertise in Action
Expertise in Securing Land Loans
When a mortgage broker sought financing for a $2 million land deal, they turned to Chase Wolfer of Kennedy Funding, a specialist capable of navigating high-pressure situations. With experience as a Loan Officer with this esteemed private lender, Wolfer is well-equipped to deliver results quickly.
Financing for Residential Projects
Wolfer successfully secured financing for Powder Horn LLC to acquire three undeveloped residential lots totaling 5.951 acres. This transaction highlights Kennedy Funding's reputation for promptly supporting borrowers when conventional financing options fall short.
A Legacy of Flexibility and Vision
Kennedy Funding has long been known for approving land loans that many banks and traditional lenders decline. Since its inception in 1987, the firm has worked with clients globally, helping them finance their real estate endeavors and achieve their dreams.
Accessible Location for Residents
The property is situated along Powder Horn Drive, which is accessible by major routes. This ease of access is a significant advantage for potential homeowners looking to commute to urban areas. The proximity to public transit also makes it appealing to future residents, as it enhances connectivity to metropolitan areas.
Building Potential in a Thriving Community
With locations near recreational areas like Sterling Forest and Bear Mountain, this land offers great opportunities for developers looking to build residential properties. The essence of suffern's market is becoming evident, as it thrives with outdoor activities coupled with suburban charm.
Rapid Closing on Land Loans
Kennedy Funding is recognized for its ability to close land loans efficiently and often much faster than other lenders. While many other institutions shy away from raw land transactions, Kennedy Funding has established a solid track record, closing over $4 billion in loans across diverse project types.
Accessing Capital for Success
Chase Wolfer reaffirms the primary step to success in real estate is securing adequate funding. Being part of this process for borrowers is not just a responsibility but an honor, enabling them to explore a multitude of possibilities for their projects.
About Kennedy Funding
Kennedy Funding stands out as a global direct private lender, strongly focused on creating bridge loans for various real estate needs, including land acquisition, development, and financial workouts. With a history of closing over $4 billion in loans, their expert team provides creative financing solutions that cater to various project requirements.
For a more detailed insight into their services, potential borrowers can explore more about Kennedy Funding's offerings directly from their website.
Frequently Asked Questions
What types of loans does Kennedy Funding offer?
Kennedy Funding specializes in bridge loans for land acquisition, development, workouts, bankruptcies, and foreclosures.
How much funding can Kennedy Funding provide?
They offer funding up to 75% loan-to-value, ranging from $1 million to over $50 million based on project requirements.
How quickly can Kennedy Funding close on a loan?
Loans can often be closed in as little as five days, making them a solid choice for those needing quick access to capital.
Is Kennedy Funding involved in international financing?
Yes, Kennedy Funding has closed loans in various regions, including the Caribbean, Europe, Canada, and both Central and South America.
What is the company’s experience in private lending?
With more than $4 billion in closed loans, Kennedy Funding boasts extensive experience and a robust track record in the private lending landscape.
About The Author
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