Kennedy Funding Secures $1.6 Million Loan for Idaho Falls Agricultural Land

Kennedy Funding, a prominent direct private lender based in New Jersey, has made headlines once again by closing a substantial $1.6 million land loan for Diamond J Farms, located near the Idaho/Wyoming border. This financing deal, announced on October 21, 2025, demonstrates the firm's capability to navigate the challenges often associated with securing land loans, proving that for them, such tasks have become routine.

The loan will primarily be allocated to paying off existing debts and providing working capital aimed at bolstering the agricultural operations of Diamond J Farms, which has a rich history dating back to its founding in 1984. Spanning three parcels totaling 159 acres, the property is situated at 391 North 35 West and is valued at approximately $3.2 million. It benefits from its strategic location in proximity to major highways, including I-15, U.S. Route 20, and U.S. Route 91, ensuring efficient transportation of agricultural products across the region.

Steve Jensen, the principal operator at Diamond J Farms, expressed his pride in the farm's legacy, stating, "We have been farming for five generations. We have built quite a reputation, growing Idaho potatoes, barley for major brewers like Anheuser-Busch, and wheat for companies such as General Mills."

Mark Falzone, a senior loan officer at Kennedy Funding, shared insights into the complexities surrounding this particular loan. He noted that it was secured partially by a cabin on the farm, a situation that can pose significant challenges, as not all lenders agree to finance loans backed by multiple properties. However, Kennedy Funding's expertise and reputation for overcoming such obstacles have made them a go-to choice for borrowers in tough situations.

"Kennedy Funding has earned an enviable reputation for its ability to overcome obstacles. We work tirelessly to ensure a successful loan closing," said Falzone. "This is one of our biggest advantages as a direct private lender — we can move quickly, cut through red tape, and concentrate on genuine value instead of rigid traditional lending criteria."

The timely processing of this loan was crucial, as Jensen needed it for refinancing. He praised the efforts of Kevin Wolfer and Mark in securing the loan swiftly, indicating that their understanding of urgency made a significant difference in completing the deal. Kennedy Funding's history of promptly closing intricate deals spans decades, with the firm having successfully facilitated more than $4 billion in loans since its inception in 1987. This longstanding commitment to borrower support hinges on fostering positive outcomes rather than outright denials.

Wolfer, the president and CEO of Kennedy Funding, elaborated on the firm’s unique approach: "As a direct private lender, we possess the resources, capabilities, and knowledge to secure funding even in challenging environments—be it raw land, less-than-stellar credit history, or projects beyond the borders of the U.S. Many times, we step in when conventional lenders don't consider the application."

Unlike traditional lending practices that often impose drawn-out application processes or adopt inflexible parameters, Kennedy Funding streamlines its focus to three fundamental documents: a clean title, a current appraisal, and an environmental report that meets standards. This methodology not only accelerates the application process but also provides borrowers with quicker answers, which is a vital resource when facing time-sensitive financial needs or waiting on alternative funding sources.

The Diamond J Farms property, located just six miles northwest of Idaho Falls—one of Idaho's primary cities and a key employment hub—plays a significant role in the region's agricultural sector. By supporting the property, Kennedy Funding is effectively contributing to the vitality of local jobs and the broader economic landscape of Idaho, enhancing both commerce and community welfare. In closing, Falzone reiterated the firm's dedication, stating, "We are proud to play a part in the continued success of Diamond J Farms."

About Kennedy Funding

Kennedy Funding specializes in providing direct private lending solutions, primarily focusing on bridge loans for commercial properties, land acquisition, and more. They have established a reputation in the industry for their innovative financing solutions, offering loans up to 75% of the loan-to-value ratio, ranging from $1 million for domestic and $3 million for international projects to amounts exceeding $50 million, all within mere days. As such, the company has successfully closed loans not only in the United States but also in regions including the Caribbean, Europe, Canada, Central, and South America. For further information about their financing solutions, consider visiting Kennedy Funding's website.