Kennedy client coming back.Having previously borrowed $960,000 in July July: see month. of 2003 from Kennedy Funding, developer Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a McCoy Mc·Coy n. Informal The authentic thing or quality; something that is not an imitation or substitute: This gem is the real McCoy. turned to Kennedy Funding once again for a $1 million loan to finance the acquisition of beachfront beach·front n. A strip of land facing or running along a beach. adj. Situated along or having direct access to a beach: beachfront hotels; beachfront property. Noun 1. property on the island of Cozumel, Mexico. The property is located in the strong resort area near Cancun. "Obtaining funding for international land acquisitions is extremely difficult," says Kevin Wolfer, a principal of Kennedy Funding. "This is particularly true in Mexico due to laws concerning land ownership. Given that the market for condos is very strong in Cozumel and that region is experiencing rapid growth in population and tourism, we felt it was a sound investment. "While we would not normally provide an international loan of this size since our minimum international loan amount is usually $3 million, we had a good prior relationship with the borrower. He has a lot of integrity and someone we could count on," he adds. McCoy plans to build 28 condo units on 27,900 square meters Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas of beachfront land on the west coast of the island of Cozumel, Mexico. |
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