The Latest Guidance On Real-world Programs In Commercial Loan Programs

Then Michaelessi came across a story about Kennedy Funding Financial in Scotsman Guide, a respected national commercial mortgage publication. He had heard good things about Kennedy Funding Financial, a direct private lender based in Englewood Cliffs, New Jersey, but had never worked with them. Michaelessi knew the company had a reputation for being able to close quickly, and that’s just what he needed. Even with the optimism in the lending market over the easing of credit, it can still be difficult for developers to secure commercial real estate loans from conventional lenders. That’s where a direct private lender like Kennedy Funding Financial steps up. Securing lending from a direct private lender is a different process than going to a bank for a loan. Financing is secured based on the value of the collateral of the property, not simply the borrower’s credit. The process includes appraisal, environmental halocapitalgroup.com truck financing inspections, title searches, and providing a repayment plan and exit strategy.

http://www.wfmj.com/story/34246585/after-7-nos-mortgage-broker-gets-a-yes-for-assisted-living-project

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