FAQ: Understanding Kennedy Funding's Private Land Loan Services with Edwin Urrego

What is Kennedy Funding and what sets it apart?

Kennedy Funding is a direct private lender specializing in fast, flexible financing for real estate projects, especially those not favored by traditional lenders, with a capability to issue commitments in as little as two days and close loans ranging from $1 million to over $50 million quickly.

What types of deals does Kennedy Funding focus on?

Kennedy Funding focuses on real estate-secured loans for acquisitions, construction, refinance, and cash-outs, particularly land acquisitions and development opportunities where speed and flexibility are crucial.

What is the typical loan size and borrower profile for Kennedy Funding?

Their sweet spot is between $1 million ($3 million internationally) and $50 million, catering to developers, investors, and brokers who need fast, creative financing solutions for time-sensitive or unconventional property types.

What types of properties does Kennedy Funding lend on most often?

They lend on a variety of properties including land, multifamily, retail, industrial, and hospitality, with a notable ability to finance raw or entitled land that most lenders avoid.

Why are raw land deals difficult for traditional lenders?

Raw land is considered high risk because it doesn’t produce income, leading most banks to avoid such uncertainty, whereas Kennedy Funding evaluates the collateral’s value regardless of its development status.

What is Kennedy Funding’s biggest competitive advantage?

Their biggest competitive advantage is the certainty of execution, with a proven track record of closing deals quickly that others may walk away from, especially in uncertain environments.

How does Kennedy Funding’s approach benefit borrowers?

Borrowers benefit from Kennedy Funding’s hands-on, fast-moving approach, which provides them with an edge in time-sensitive situations by offering custom solutions without the red tape of traditional lending.

Who is Edwin Urrego and what role does he play at Kennedy Funding?

Edwin Urrego is an Executive Loan Officer at Kennedy Funding, bringing a strategic, relationship-focused approach to structuring loans for time-sensitive acquisitions and pre-development projects, with expertise in navigating complex underwriting scenarios.

Can Kennedy Funding provide loans internationally?

Yes, Kennedy Funding has international reach, as demonstrated by their $4+ million loan for a property in Mejía, Ecuador, showcasing their ability to handle deals outside the U.S. that many institutions wouldn’t consider.