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.