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Kennedy Funding Closes $1.5 Million Loan for Acquisition of Former Temple U. Arts Campus

Dec 29, 2020almost 5 years ago

Amount Raised

$1 Million

Round Type

seed

Englewood Cliffs

Description

The former site of the Temple University Tyler School of the Arts in Elkins Park, Pa., has been acquired by a not-for-profit religious organization, thanks to a loan from New Jersey-based Kennedy Funding.

Company Information

Company

Kennedy Funding

Location

Englewood Cliffs, New Jersey, United States

About

Kennedy Funding is a global direct private lender specializing in bridge loans for commercial property and land acquisition, development, workouts, bankruptcies, and foreclosures. Kennedy Funding has closed more than $3 billion in loans to date. The firm's creative financing expertise provides funding up to 75% loan-to-value, from $1 million ($3 million international) to more than $50 million in as little as five days. The company has closed loans throughout the United States, the Caribbean, Europe, Canada, and Central and South America.