Kennedy Funding Closes $2.7M Land Loan in Tacoma, WA Suburb

Kennedy Funding closed a $2.7 million land loan at an 8% interest rate for Dhaliwal TC Landing, LLC to develop a mixed-use property in Edgewood, Washington. The project includes 578 multi-family units and 31,500 sq. ft. of commercial space on 12.2 acres of land. Despite challenges like environmental issues and developer agreement problems, Kennedy Funding secured favorable terms for the loan. The company specializes in creative financing solutions for commercial properties globally and has a track record of successfully closing challenging deals.

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