Kennedy Funding Lender - News

Louisiana governor injects $30M into speedy bridge loan program

2006-10-13T07:44:00.001-07:00

"Gov. Kathleen Babineaux Blanco and the Louisiana Economic Development, the Louisiana Public Facilities Authority and the Louisiana Bankers Association today launched the Louisiana Expanded Bridge Loan Program to provide quick capital for small businesses on the brink post-Katrina."

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Gensym Announces Bridge Loan Financing

2006-10-12T07:46:00.000-07:00

Gensym announced that they will be receiving a $1 million dollar bridge loan to cover the present lack of capital. The loan is the first step to improving the overall financial conditions of the software company.

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Secure64 Closes $2.7 Million Bridge Loan from Accredited Private Investors

2006-10-10T07:45:00.000-07:00

"ENGLEWOOD, Colo. -- Secure64, a software development company focused on security and performance of network communications, today announced it has successfully closed a $2.7 million bridge loan from accredited private investors. Proceeds will be used to help fund customer beta test activities, an upcoming product launch, and other sales and marketing efforts."

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Urban village grows in L.A. neighborhood

2006-10-09T07:36:00.000-07:00

Great article about how a hard money loan from a private vender can help!

If at first you don’t succeed, get creative! Thomas Safran & Associates had to reconfigure their financing plans when the original credits fell through. They used a mixture of financing, including a $550,000 bridge loan, to keep their plans for Skyline Village moving forward.

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Crossing The Bridge Loan To Help Yourself

2006-10-07T07:30:00.000-07:00

"A short term bridge loan may be just what the doctor ordered if you are having trouble making ends meet. A short term bridge loan helps you to "bridge the gap" between your expenses and income. A bridge loan is not a long term solution, but it is an excellent short term solution to your money problems. If for some reason your income has been eclipsed by your expenses, you may need to borrow money to pay for those additional expenses until you get paid again."

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Freeport Center Becomes a Reality

2006-10-06T07:39:00.000-07:00

FREEPORT - A place with gathering space for everyone from tots to teens to senior citizens. A location where community members in need can get groceries from a food pantry and clothes from a thrift shop. And don't forget a coffee bar with wireless access for laptop computers.

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Kennedy Funding loan helps keep resort dream alive

2006-10-05T07:40:00.000-07:00

They had purchased the 62.3-acre Mountain Creek RV Resort in Blairsville, Union County, Georgia, and they were building it out, with the intent of turning it into a first-class attraction. It would be one of the few such resorts in the state, and the only one in the county.

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TALKING MONEY: Lending companies discuss current trends and predictions for financing in the Northeast.

2006-10-04T11:37:00.000-07:00

Northeast Real Estate Business recently spoke with leading lenders across the Northeast to get their take on current market conditions, as well as their predictions for lending in 2005. The consensus is that the New York City market is performing the best overall. While multifamily and retail properties are performing exceptionally well, the suburban office market is lagging. Many lenders are also reporting that their lending volume is up significantly this year over last year, and most predict that the overall lending environment will continue to be very competitive.

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Ambitious Harlem housing plan complete

2006-10-03T07:40:00.000-07:00

"Proud first-time homeowners, community leaders, local residents and a partnership of lenders, developers and public officials celebrated the completion of 49 elegantly designed condominiums on W. 117th Street in Harlem recently--the last phase of an ambitious plan to renovate a block of vacant buildings into affordable homes."

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Feldman Mall Properties Closes Joint Venture with Heitman at Colonie Center in Albany, New York

2006-10-02T07:32:00.000-07:00

NEW YORK, Oct. 4 /PRNewswire-FirstCall/ -- Feldman Mall Properties,
Inc. (NYSE: FMP), a real estate investment trust (REIT) exclusively focused on the renovation and repositioning of regional shopping malls, today announced that it has closed the previously announced joint venture agreement with an affiliate of Heitman in connection with the Colonie Center Mall located in Albany, New York."

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The ABCs on what a bridge loan is, why you should think about getting one and how to do it

2006-10-01T00:47:00.000-07:00

"Bridge loans are short-term funds that "bridge" the gap between today's need for immediate cash to pay bills and the final closing of a pending investment deal or long-term financing package. Firm owners can go to banks for such a loan if they have a solid cash-flow position and the bank feels comfortable with the level of monthly sales as sufficient to support the loan for 60, 90 or 120 days. The bridge can also be provided by a factor, a firm that agrees to provide front-end cash on specific accounts receivable that meet certain credit requirements on the part of the payer. The factor will typically provide 50 to 70 percent of the face value of the invoices upfront, and the balance of the funds will be paid to the entrepreneur at the collection date on the receivables. However, the factor takes a hefty fee or interest charge for this bridge."

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Private Lending: An Alternative Funding Source

2006-08-10T07:16:00.000-07:00

"It happens everyday. Well-prepared entrepreneurs are walking into the banks with brilliant business ideas with well developed business plans — and are walking out empty-handed. Many of these professionals are ultimately able to obtain financing from private lender, like Tom McKenzie through business capital brokers. "

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No Money Down Real Estate - Fund All Your Deals With Private Lending!!

2005-12-13T07:22:00.000-08:00

"If you invest in real estate, you need cash to buy houses. Even if you have a full bank account and great credit, you’ll eventually run short on funds - or short on time to obtain a loan - for the next deal. Private lending is the answer. It is a bottomless pool of readily accessible funds: whether you have great credit or poor; whether you have cash reserves or not."

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If You Think You Need a Bridge Loan

2005-09-13T07:26:00.000-07:00

"You're thinking of buying a house so you go out with a real estate agent and find the perfect "move-up" home. You fall in love with it. If you're a married man, your wife falls in love with it. Same difference. So you present an offer. The only problem is that you need to sell your house in order to buy that house."

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Benefits of private lending - Banking & Finance

2005-07-10T00:47:00.000-07:00

Great article written by Kennedy Funding's president, Jeffrey Wolfer.

"Experts agree that 2004 will be a year of transition for real estate markets as both the development and financial sectors of the industry confront what appears to be a weak recovery characterized by slow job growth and increased debt loads at all levels of government."

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What Is A Bridge Loan?

2004-10-25T04:31:00.000-07:00

"There are many great loan programs being offered in the market nowadays that could really answer you present financial need. One of the best loan programs available in the market is the bridge loan program. Now, don’t start thinking that this loan is intended for those construction companies that build bridges because that is really very far from the real nature of a bridge loan."

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