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Posted: June 30, 2008
Kennedy Funding structures four loans totaling $38 million
Kennedy Funding, Inc. has closed four loans one day, three for land development and one for financial restructuring, totaling $38 million. North Carolina's Legasus Properties LLC borrowed over $30 million for the development of two upscale Smoky Mountain communities. In St. Thomas, U.S. Virgin Islands, Wintdots Development needed $6.5 million to create a vacation community and the fourth loan, a $1.5 million restructuring deal went to MOA Properties LLC.
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