Englewood Cliffs-based Kennedy Funding, a direct private lender specializing in commercial property and land loans, announced on Tuesday a remarkable achievement: closing eight land loans across eight different U.S. states in just eight weeks. This record-setting volume solidifies the firm’s standing as one of the fastest and most flexible capital sources in the land financing sector.
The flurry of closings occurred during the final quarter of 2025, a period which CEO Kevin Wolfer expects to be the busiest Q4 in the company’s 38-year history.
“This kind of pace is almost unheard of in land lending,” Wolfer said. “To close eight deals, in eight different states, in just eight weeks—on land, no less—is a testament to what Kennedy Funding can do when dependability and speed matters.”
The heightened demand for Kennedy Funding’s services stems from a still-tight credit environment, particularly for land-based projects. Traditional banks remain highly conservative regarding land and other transitional assets, forcing developers and investors to seek out private financing for time-sensitive opportunities.
Edwin Urrego, executive loan officer, noted the large volume of unfunded projects in the market. “There’s an extraordinary wave of business waiting to get funded — land, cash-outs, acquisitions, foreclosures and working capital,” he said. “We’re working around the clock to meet everyone’s needs by the end of the year.”
The eight closed loans spanned a variety of purposes and geographies:
| State | Borrower | Purpose |
| Florida (Inverness) | Vseva Crown Court LLC | Land Acquisition |
| Texas (Dallas) | The Beach Dallas LLC | Land Acquisition |
| Idaho (Idaho Falls) | Diamond J Farms LLC | Debt Payoff/Working Capital |
| Washington (Lynden) | Alliance USA [SPV 2025] Inc | Cash-Out Refinance |
| New Jersey (South Orange) | 270 Irvington LLC | Cash-Out Refinance |
| Oregon (Medford) | Haya Enterprises LLC | Working Capital |
| New York (Ferndale) | NSB Estate LLC | Cash-Out |
| Virginia (Stephenson) | Croatan Capital II, LLC | Cash-Out Refinance |
Kennedy Funding’s ability to execute complex land deals quickly is attributed to its direct private lending model. The firm is able to bypass the bureaucratic delays typical of traditional institutions, offering closings in as little as five to ten days and funding loans up to 75% loan-to-value.
With traditional lenders expected to maintain their conservative stance on land, Kennedy Funding anticipates this record-setting momentum will continue into the new year.
The firm’s total closed loans worldwide now exceed $4 billion, with a global lending footprint that includes the U.S., the Caribbean, Europe, Canada, and Central and South America. International loans start at $3 million, with the capacity to fund more than $50 million on qualifying deals.
