Kennedy Funding announced that it has closed a $2.7 million land loan for Haya Enterprises LLC, providing working capital for a 34.61-acre mixed-use development property in Medford, Oregon.
The financing underscores Kennedy Funding’s focus on asset-based lending solutions for borrowers seeking alternatives to conventional financing.
The loan is secured by a 34.61-acre property located at the southeast corner of North Phoenix Road and Coal Mine Road in Medford, Oregon.
Approximately 10.10 acres of the site are zoned for community commercial uses, allowing for office, retail, and multifamily development, while the remaining 24.51 acres are zoned for single-family residential use. The property is situated across from Centennial Golf Club and has access to Interstate 5, Oregon Route 99, downtown Medford, and Rogue Valley International Airport.
Kennedy Funding said the mixed-use characteristics of the site provide multiple development opportunities and position the property to benefit from future growth in the Medford market.
The transaction further strengthens Kennedy Funding’s presence in land and development financing. The company provides bridge loans, acquisition financing, working capital loans, construction loans, and other lending solutions throughout the United States and internationally.
KEY QUOTES:
“This is the type of loan Kennedy Funding specializes in.”
“When traditional lenders can’t deliver, we can often find a way forward by focusing on the value of the real estate. In this case, the site’s combination of commercial and residential development potential gave us confidence in the opportunity and provided the borrower with multiple development options.”
Jared Levitt, Loan Officer at Kennedy Funding
“Opportunities like this don’t fit neatly into a conventional lending box.”
“That’s where private lending can make a meaningful difference. By taking a practical approach and understanding the unique characteristics of each transaction, we can provide borrowers with the capital they need when traditional financing sources may not be an option.”
Kevin Wolfer, President and CEO of Kennedy Funding
