Kennedy Funding Loans $2.1 Million to Florida Developer for Purchase of Championship Golf Course & Country Club In Florida
Picture a golf course in Plant City, Hillsborough County, Florida. It's not just a golf course, but a 400- acre tract consisting of a clubhouse with restaurant and full-service kitchen, meeting rooms, pro shop and offices, six outside fully lit tennis courts, an Olympic-sized outdoor pool, fitness center, and two 18-hole, 72-par golf courses designed by Ron Garl. It's even rumored that the championship courses were actually designed (although not signed) by the legendary Jack Nicklaus. The two courses, the 6,530-yard Lakes Course, and the 6,561-yard Hill Course are interlaced among the Walden Lake residential subdivision consisting of more than a dozen neighborhoods. All in all, it's an idyllic setting. There's even a potential for a hotel to go up next to the clubhouse, which could further add to the property's value and income-producing ability. Small wonder that Steve Mercer of Vision Golf, LLC wanted to buy it.
In order to do that, he needed a loan. He was offering the property as collateral, and didn't foresee any great difficulty, and he wanted to close as quickly as possible. But when he couldn't find the needed loan after several attempts, he was faced with the possibility of having to revise his timeline. It's a good thing he discovered Kennedy Funding, because this is the kind of deal that's right up Kennedy's alley.
Kennedy Funding is a direct private lender headquartered in Hackensack, New Jersey specializing in unconventional financing where speed and attention to special circumstances are critical. And this unique lending program has made them one of the largest, most successful lenders in the country -- as Steve Mercer fortunately found out. "I'm glad we found them," said Mercer. "This deal was complex, involving a large, irregularly shaped piece of land, and there were, frankly, some problems. We had a few hiccups on our end. But Jeff and his staff worked through everything, and ended up finalizing the deal extraordinarily quickly. In fact, my advisor told me that deals like this normally take three to six months to close, and Kennedy closed in about five weeks."
In order to do that, he needed a loan. He was offering the property as collateral, and didn't foresee any great difficulty, and he wanted to close as quickly as possible. But when he couldn't find the needed loan after several attempts, he was faced with the possibility of having to revise his timeline. It's a good thing he discovered Kennedy Funding, because this is the kind of deal that's right up Kennedy's alley.
Kennedy Funding is a direct private lender headquartered in Hackensack, New Jersey specializing in unconventional financing where speed and attention to special circumstances are critical. And this unique lending program has made them one of the largest, most successful lenders in the country -- as Steve Mercer fortunately found out. "I'm glad we found them," said Mercer. "This deal was complex, involving a large, irregularly shaped piece of land, and there were, frankly, some problems. We had a few hiccups on our end. But Jeff and his staff worked through everything, and ended up finalizing the deal extraordinarily quickly. In fact, my advisor told me that deals like this normally take three to six months to close, and Kennedy closed in about five weeks."
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