ENGLEWOOD CLIFFS, NJ — Kennedy Funding continues to make its name as a leading international direct private lender, with the closing of a $3 million loan to Point Alegre Development in the Central American country of Belize.
Loan proceeds will be used for refinancing, debt payoff, construction, and working capital to fund the development of 19 acres zoned for residential tourism inside Orchid Bay, a 114-acre master-planned bayfront residential resort community located in the Corozal Bay inlet. A total of 30 parcels inside Orchid Bay are part of this development phase.
This is the second loan Kennedy Funding has closed in Belize, a Central American country near the Caribbean Sea.