Kennedy Funding Provides $1.5M Land Loan for Multifamily Development in Alabama
Kennedy Funding has closed a $1.5 million land loan to Vision of Loxley APT, LLC for the acquisition of a fully entitled multifamily development site in Baldwin County, Alabama. The fast-tracked financing was completed within 18 days at an interest rate of 9%, enabling the borrower to meet its contractual deadline and purchase the property for $3 million.
Topics: gulf_coast_real_estate multifamily_development private_lending