Kennedy Funding

Kennedy Funding Closes Loan With Michigan Developer for Working Capital on Nine Properties Featuring Hundreds of Units

Published in Healthcare Mergers, Acquisitions and Ventures Week, September 26th, 2009

With nearly 200 lots and units spread across nine properties outside Detroit, Michigan, Michael A. Chirco of MJC Land Investments, LLC needed working capital. The problem, it seemed, was that no one was closing commercial loans in Michigan -- especially on land-based deals. The answer he needed was more than 500 miles to the east.

The developer called Hackensack, NJ-based Kennedy Funding, one of the nation's leading direct private lenders. Kennedy has become well known for their willingness to consider loans involving difficult or unusual collateral, such as MJC's collection of collateral properties. According to Jeffrey Wolfer, President and Co-CEO of Kennedy Funding,...

Want to see the full article?

Purchase this article for only $3.00

We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.

Welcome to NewsRx!

Learn more about a six-week, no-risk free trial of Healthcare Mergers, Acquisitions and Ventures Week

Source: Healthcare Mergers, Acquisitions and Ventures Week (2009-09-26)

More Articles from Healthcare Mergers, Acquisitions and Ventures Week

1-800-FLOWERS.COM, Inc.
Spoil the Ones Who Spoiled You This Grandparents Day With 1-800-FLOWERS.COM
1105 Government Information Group
GovSec, U.S. Law Announces Specialized Digital Forensics Exhibition
3Away
3Away Webinar Offers Strategies to Leverage Social Networks for Job Seekers
AARP Illinois
AARP Delivers Health Care Reform 'Message in a Bottle' in Chicago
AARP Illinois
AARP Delivers Health Care Reform 'Message in a Bottle' to Cong. Hare
AARP Illinois
Hanson Professional Services Inc. Named AARP Best Employer for Workers 50+
More from this issue of Healthcare Mergers, Acquisitions and Ventures Week

NewsRx is Social

Top Medical Newsletters

Awards

Best Health/Healthcare Content, 2012
Best Health/Healthcare Content, 2011
Best e-Business Site, 2010
Best e-Business Site, 2009
Best e-Business Site, 2008
Best e-Business Site, 2007
Best e-Business Site, 2006
Best Healthcare Content, 2005
Best Overall Internet Site, 2005
Best Interactive Site, 2005

Facts & Stats

NewsRx also is available at LexisNexis, Gale, ProQuest, Factiva, Dialog, Thomson Reuters, NewsEdge, and Dow Jones.

Google 2010 PageRank: #2 Among Top Health News and Media Publications
Google 2010 PageRank: #2 Among Top Science Publications in Biology/Physiology
Google 2010 PageRank: #2 Among Top News and Media for the Business of Pharmaceuticals
Amazon's Alexa 2010 PageRank: #2 News and Media Site for the Pharmaceutical Industry