Kennedy Funding Provides $1.26 Million Land Loan to Support Residential Development in Cartagena, Colombia
Kennedy Funding has closed a $1.26 million cash-out refinance loan for a residential land development project located along the Cartagena-Barranquilla Access Road in Colombia. The financing is intended to provide working capital to Cocoa & Company SAS for a planned subdivision on nearly 50 acres of land, currently undergoing feasibility and approval processes. The transaction highlights Kennedy Funding's expertise in navigating complex international lending environments where traditional U.S.-based lenders often lack experience or flexibility. This loan was facilitated through local commercial mortgage brokers in Colombia, underscoring the company’s expanding network across Latin America and other global markets. The firm emphasizes its ability to structure financing for diverse real estate needs including land acquisitions, development, foreclosures, and bankruptcies. Cartagena's strategic location on Colombia's Caribbean coast—combined with growing infrastructure, tourism appeal, and residential demand—is making it an increasingly attractive market for commercial investment.
Topics: international_real_estate land-development refinancing