| Author |
Message |
|
| ohanzee345 |
 Posted: Fri Oct 20, 2006 7:49 pm |
 |
|
|
Joined: 19 Oct 2006
Posts: 5
|
| Okay, new question. I'd like to add a barn to my property in the Northeast. A good-sized, traditional barn, complete with silo. If I go to a private lender for funding, do they have a minimum amount? In other words, do I have to borrow $10 million or more before they'd talk to me? |
|
|
| Back to top |
 
|
| celeste |
| Posted: Fri Oct 20, 2006 7:51 pm |
|
|
|
Joined: 19 Oct 2006
Posts: 10
|
| From what I can gather, most private lenders will lend you just about anything, money-wise. The bigger ones state in print that they start at, say, $500,000 and go up to $300 million or more. But they really will take anything. Maybe not like it as much, but who's going to turn down money? Certainly not these guys. |
|
|
| Back to top |
|
| rablen |
| Posted: Tue Nov 28, 2006 6:51 pm |
|
|
|
Joined: 28 Nov 2006
Posts: 54
Location: na
|
| I agree. They'll take anything. They just have to come up with a low and a high number for advertising, but they'll take pretty much any loan out there, unless it's so low that it can't pay for their effort. |
|
|
| Back to top |
  
|
| moneytalks |
| Posted: Wed Jan 31, 2007 4:33 pm |
|
|
|
Joined: 19 Oct 2006
Posts: 20
|
| I think it's great that they'll take anything. Not everyone wants to borrow 50 million. Think about the little guys, like you and me. Private lenders began in order to service people just like us. |
|
|
| Back to top |
|
| eralprnli |
| Posted: Thu Mar 29, 2007 4:13 am |
|
|
|
Joined: 29 Mar 2007
Posts: 1
|
|
| Back to top |
|
| rablen |
| Posted: Thu Mar 29, 2007 9:18 pm |
|
|
|
Joined: 28 Nov 2006
Posts: 54
Location: na
|
| Welcome aboard. So where are you from, what's your thing, and who are you? |
|
|
| Back to top |
|
| moneytalks |
| Posted: Tue Apr 10, 2007 7:34 pm |
|
|
|
Joined: 19 Oct 2006
Posts: 20
|
| Never heard back from that guy. Was looking forward to a new voice here. |
|
|
| Back to top |
|
| JSKF |
| Posted: Wed Jul 18, 2007 9:14 pm |
|
|
|
Joined: 02 Jul 2007
Posts: 1
|
We have just closed a $23,200,000 loan to Wight River Crossings, LLC
The loan is secured by first lien on several assembled tracts of land totaling 226+/- acres including the Hillmoor Golf Course at 333 East Main Street in the popular resort city of Lake Geneva, Wisconsin. The Borrower is subdividing off a 5+/- acre commercial parcel along East Main Street (SR 50) and planning to redevelop the remaining land into a residential golf community that would have a redesigned/rebuilt golf course, a new 10,000 square foot clubhouse, a 100 room hotel, a banquet facility, and 277 residential units, including 139 single family homes, 56 town homes, and 82 condominiums.
Contact Jeffsilver@kennedyfunding.com Phone 1-201-708-9928 |
|
|
| Back to top |
|
| rablen |
| Posted: Thu Jul 19, 2007 12:49 pm |
|
|
|
Joined: 28 Nov 2006
Posts: 54
Location: na
|
Jeff, welcome aboard.
Great loan, by the way. Were you the originator? How long did it take to close? Always curious about the way you guys work. |
|
|
| Back to top |
|
| moneytalks |
| Posted: Thu Jul 26, 2007 2:54 pm |
|
|
|
Joined: 19 Oct 2006
Posts: 20
|
| Tell us about Kennedy. How long have you been there? Are they decent people or what? |
|
|
| Back to top |
|
| rablen |
| Posted: Thu Aug 02, 2007 3:44 pm |
|
|
|
Joined: 28 Nov 2006
Posts: 54
Location: na
|
| Guess we haven't heard back from old Jeff yet, have we? Do you think he was really from Kennedy? Seemed like it. |
|
|
| Back to top |
|
| celeste |
| Posted: Mon Aug 06, 2007 4:00 pm |
|
|
|
Joined: 19 Oct 2006
Posts: 10
|
| I think he was. He seemed very up about what he and Kennedy were doing. Hard to beleive he'd feel that way unless he had something to do with it. So, hey, Jeff, log back in and talk to us! |
|
|
| Back to top |
|
| moneytalks |
| Posted: Thu Aug 09, 2007 2:07 pm |
|
|
|
Joined: 19 Oct 2006
Posts: 20
|
| Seems to me I saw an article recently in the paper where someone was accusing Kennedy of ripping of potential borrowers for millions. Anyone know anything more about this? |
|
|
| Back to top |
|
| Codeman |
| Posted: Fri Aug 10, 2007 1:39 pm |
|
|
|
Joined: 04 Dec 2006
Posts: 4
|
| It was in the Record a while back. It was about some borrowers who felt ripped off because after they entered into the deal, it turned out that their claimed value of their property was false, and they had to forfeit certain set-up fees. Which everyone does, by the way. It's all spelled out in the docs. The article also featured a lawyer somewhere near Morristown who I guess has been trying to nail Kennedy for larceny forever, and can't. So he's pissed, of course, and still trying to nail them. The article was funny, in a way, because Kennedy did nothing wrong. |
|
|
| Back to top |
|
|
|
RSS Enabled