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Article: Kennedy Funding Rescues Blue Ridge Mountains' Developer.
- Article from:
- PR Newswire
- Article date:
- May 6, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HACKENSACK, N.J., May 6 /PRNewswire/ -- After 44 financial institutions turned him down, Edwin Barquet, found his $980,000 dollar loan with Kennedy Funding, a direct private lender based in Hackensack, New Jersey.
The Blue Ridge Group of North Carolina, LLC, needed funds to continue construction and marketing of undeveloped land in a scenic area of North Carolina. Barquet, one of the principals of Blue Ridge, was a former banker who fully understood the process. "We spent 14 months assembling careful market analysis and engineering reports, and we could demonstrate strong interest in the area emanating from a community in South Florida, where we have a marketing ...