Kennedy Funding Facilitates $2.5 Million Loan for Prime Nevis Estate
In a significant move that underscores its presence in international markets, Kennedy Funding, a premier private lender based in Englewood, New Jersey, has finalized a $2.5 million cash-out refinancing loan. This loan has been extended to Bush Lender LLC, secured by a diverse portfolio of land assets located on the picturesque island of Nevis, which is part of the Federation of Saint Kitts and Nevis.
The focal point of this transaction is a luxurious Caribbean estate spanning over 63 acres, including a modern 8,000-square-foot villa situated in the coveted Jessups Estate. This villa boasts impressive amenities such as a three-car garage, a home theater, a fitness room, and a private pool, set on more than two acres just a short drive from Charlestown, the capital of Nevis. In addition to the villa, the loan was backed by substantial acreage from Farms Estate and Bush Hill, offering a promising development opportunity in the vibrant Caribbean real estate market.
Mark Falzone, Executive Loan Officer at Kennedy Funding, emphasized the complexities of such international loans, noting, "This is exactly the kind of complex international loan that Kennedy Funding was built to close. When traditional lenders back away from land loans or land deals in foreign jurisdictions, we see opportunity. We know how to work through the legal systems, title issues, and valuation challenges that come with international real estate."
Nevis, celebrated for its stunning beaches and mountainous landscape, remains a hot spot for global investors and buyers seeking second homes. However, the market often faces challenges related to access to U.S.-based capital, especially in terms of unlocking equity from land holdings. Falzone remarked, "Lenders simply don't want to deal with land, let alone land outside the United States. But at Kennedy Funding, we've closed deals across Central and South America, throughout the Caribbean, and in dozens of markets where others say no. This Nevis transaction is just the latest example of that track record."
Kennedy Funding has carved out a niche as one of the few U.S.-based private lenders adept at facilitating land loans abroad. Kevin Wolfer, the CEO and President, stated that the firm's success is attributed to its ability to merge agility with profound expertise in international lending. He explained, "Closing loans in foreign countries requires more than capital—it takes a real understanding of local laws, real estate customs, and how to build the right team on the ground. We have the network and the experience to make that happen—and that's why Kennedy Funding continues to be the go-to lender for international real estate financing."
This particular villa in Jessups Estate not only provides opulent living but also strategic accessibility, being just 3.4 miles from the island's commercial epicenter. Furthermore, the extensive land in Farms Estate and Bush Hill directs a path toward long-term investment and development potential, which plays a crucial role in Kennedy Funding's evaluation criteria for its finance clients.
Falzone added, "This wasn't just one property—it was multiple parcels, spanning different uses and parishes. We evaluated the entire portfolio, conducted the necessary diligence on the ground, and moved forward with confidence. That's what sets Kennedy Funding apart."
With this successful closing, Kennedy Funding expands its outreach into Nevis, joining a distinguished roster of international markets including St. Barts, the Dominican Republic, Jamaica, and several others. The firm has a remarkable history, having closed over $4 billion in loans globally, leading the industry in substantial funding for land and commercial real estate projects.
"We're proud to deliver this kind of outcome for borrowers who've been told 'no' too many times," concluded Wolfer. "If you own valuable land, a luxury home, or development-ready real estate—even if it's located outside the U.S.—we can help you turn it into capital."
Kennedy Funding is a global direct private lender specializing in bridge loans for commercial property and land acquisition, development, workouts, bankruptcies, and foreclosures. Their creative financing solutions allow them to provide funding of up to 75% loan-to-value, accommodating amounts from $1 million to over $50 million in rapid timeframes.
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www.kennedyfunding.com for more information on their innovative lending solutions.