Kennedy Funding Closes $3.633 Million Bridge Loan for Port of the Islands Resort
Kennedy Funding has finalized a $3.633 million bridge loan for A&T Investment LLC to support the Port of the Islands Resort in Naples, Florida. The financing is structured to pay off approximately $1.6 million across three existing loans while providing additional capital for property renovations, remodeling, and general working capital. The mixed-use resort, located near the Florida Everglades, comprises short-term accommodations, residential rentals, and commercial spaces including a restaurant and fitness center. The deal highlights the role of private direct lenders in servicing complex assets that may not meet traditional banking requirements due to their diverse usage profiles.
Topics: Debt Refinancing Hospitality Industry Property Renovation Real Estate Financing