The following are some examples of how we’ve successfully funded raw land loans for our clients.  And why they’re so satisfied. 

$1.845 Million Loan from Kennedy Funding Helps California Developer Transport Beverly Hills to Lexington, Tennessee

Lexington, Tennessee, August 01, 2006 – When Dr. James Gambrell of Vision Developers, Inc., in Long Beach, California, visited Lexington, Tennessee a while back, he saw a need he knew he could fill. He had purchased 85 acres just east of Beech Lake, and he suddenly realized what he was going to do with it. The area needed a new kind of housing, which eventually took shape in The Fountains Resort at Beasley – a high-end, planned community with 162 elegant yet reasonably priced homes, the kind of development Lexington had never seen. Up to now, homes were priced out of many people’s reach, and people working at the local Wal-Mart were commuting 30 – 40 miles simply to find reasonable housing. Gambrell was out to change that.

All he needed was a loan to complete the infrastructure and common vertical amenities for the property. And that’s where things began to go downhill, because the raw land Dr. Gambrell planned to use as collateral was not exactly a popular concept to the lenders he approached. In fact, he was turned down by three of them. Luckily, Dr. Gambrell was introduced by a friend and business associate to Kennedy Funding, and suddenly things were on the upswing.

Headquartered in Hackensack, New Jersey, Kennedy Funding is a direct private lender with a somewhat radical view of raw land, compared with that of other, traditional lenders.   “Frankly, we like them,” says Jeff Wolfer, President and co-CEO of Kennedy Funding. “To us, raw land has beauty and potential. But when borrowers try to use it as collateral with a traditional lending institution, they’re like a lost man in the wilderness. So they come to Kennedy, because they know we can, and will, close the loan, and we’ll do it quicker than anyone else. In fact, we believe we’re the fastest, most flexible situational lender in the industry.”

“Kennedy Funding was very responsive, very quick, and never took a lot of time,” said Dr. Gambrell. “Thanks to their $1.845 million loan, The Fountains Resort at Beasley is on its way, and I can build my kind of homes – with wine cellars, kitchen bun warmers, and other upscale amenities as standard features. And Lexington can have a little bit of Beverly Hills right in its own back yard.”

Fast Loan from Kennedy Funding Helps OneCap Partners Buy 78 Acres in 'Next Las Vegas'

$12 Million Loan Closes in Less Than Seven Days

Hackensack, NJ, June 21, 2006 – According to those ‘who know’, Laughlin, Nevada is going to become as big a prodigy as Las Vegas itself. It's just a matter of time -- and effort. That’s exactly why Vincent Hesser of OneCap Partners 2, LLC wanted to buy two prime future development parcels totaling 78.02 acres along the Colorado River. He planned to land bank the property and eventually sell to a developer who wanted to invest in the future. The property was at the southern end of Laughlin's 'strip', where most of the casinos are found, including the famous Harrah's resort complex, the most recent addition to the strip.

It looked like a good plan, one with a good grasp of the future. So all Hesser needed was a loan, and he was putting up the raw land as collateral. However, he soon found that he couldn’t find a lender willing to move within his time frame.

Fortunately for him, however, Hesser was introduced to Kennedy Funding, a direct private lender based in Hackensack, New Jersey, that specializes in unconventional financing – and is the acknowledged industry expert when it comes to raw land loans. 

According to Jeffrey Wolfer, President and co-CEO of Kennedy Funding, “Contrary to most traditional lenders, we actually like raw land deals.  We probably do more than anyone, and we do them quickly, with a minimum of delay.  And OneCap’s was a good one.  Laughlin has been a popular alternative to Las Vegas for more than thirty years, with casino hotels lining the Colorado River along Casino Drive.  The river is alive with recreational activity, and the area has developed into a popular RV destination.” 

To make a long story short, Kennedy closed a $12 million loan with OneCap Partners 2 in only six days, and Vincent Hesser is now free to consider his future in the next Las Vegas.