Kennedy Funding Provides Land Loan for Residential Development in Banning, California

Kennedy Funding provided a $1.16 million land refinance loan to Erna Enterprises Inc. for a 14-acre residential development site in Banning, California. The loan, offered at a 9% interest rate, was structured by Steve Rogovich and is notable for being pursued by a direct lender despite the perceived risk by traditional lenders.

By Kennedy Funding · PR Newswire · April 28, 2026, 15:19 UTC

Topics: land financing loan structuring real estate development residential development

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