Kennedy Funding Provides $4.4M Loan for Land Refinance in Spicewood, Texas
Kennedy Funding has closed a $4.4 million cash-out refinance loan on a 38.81-acre residential land site in Spicewood, Texas. The loan provides liquidity to a property owner who has already invested $2 million in infrastructure and demolition, positioning the land for residential development. The transaction highlights Kennedy Funding's ability to handle large-scale land deals that traditional banks often avoid due to development risks.
Topics: Austin, Texas cash-out refinance Kennedy Funding land development private lending real estate