Printer Friendly
The Free Library
14,506,614 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Kennedy's quick moves.


The Homewood Homewood.

1 City (1990 pop. 22,922), Jefferson co., N central Ala., a residential suburb of Birmingham; inc. 1921.

2 Village (1990 pop. 19,278), Cook co., NE Ill., a residential suburb of Chicago; platted 1852, inc. 1892.
 Suites near Kissimmee, Florida Kissimmee redirects here. For other uses, see Kissimmee (disambiguation).
Kissimmee is a city in Osceola County, Florida, United States. As of 2006, the population recorded by the U.S. Census Bureau is 60,894. It is the county seat of Osceola County.
, an existing hotel consisting of 156 standard 1-bedroom, 1-bath villas, is changing hands in a time-is-of-the-essence deal funded by $4 million from Kennedy Funding, a direct private lender based in Hackensack Hackensack, city, United States
Hackensack, city (1990 pop. 37,049), seat of Bergen co., NE N.J., on the Hackensack River, a residential and industrial suburb of New York City; settled 1647, inc. as a city 1921.
, New Jersey.

Hayes Reid Development had been in negotiations to buy the property, but time ran out and the company needed to close immediately.

With traditional avenues of funding far too slow for completion of the deal, Hayes Reid found that Kennedy Funding could close on a $4 million loan in near-record time.

"This real estate market is extremely hot," noted Tom Hayes Tom Hayes (born February 1952) at Golden, County Tipperary is an Irish farmer and Fine Gael party politician.

Elected in 1997 to Seanad Éireann on the Agricultural Panel, Hayes was Fine Gael's Seanad spokesperson on Agriculture.
, one of the principals of Hayes Reid Development. "And when we fell short at the closing, we reached out to Kennedy Funding and they stepped up to the plate. They got us the loan and they got it done fast."
COPYRIGHT 2005 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Kennedy Funding investments in Homewood Suites
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 10, 2005
Words:140
Previous Article:GMAC flexes its local muscles in $216m JV.(FINANCE)
Next Article:Making the best deal out of a lukewarm market.(INSIDER'S OUTLOOK)
Topics:



Related Articles
Kennedy Funding slashes fees on loans up to $300 million.
Kennedy's funds get around.(Finance: real estate)
Highrollers meet steamrollers with $18m Kennedy deal.(Finance: real estate)(Kennedy Funding invests in Pollyana Motels' transformation project)
Kennedy does ice job for home firm.(Kennedy Funding)
Lower rate program will change hard money industry.
Kennedy operation helps hospital.(Kennedy Funding, WMCH Inc. )(Brief Article)
Lower rate loan draws more bridge loan biz.(Kennedy Funding's new loan rates)
Ice job as Kennedy arranges theme park funding package.(Banking & Finance)(Kennedy Funding)
Keeping pace with industry's fast and furious pace.(Buena Vista Corporation financed by Kennedy Funding)
Kennedy keeps it coming.(FINANCE)(Kennedy Funding loaned funds to Seven Watchung, LLC)(Brief article)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles