Kennedy Funding Gains $200 Million Securitization from Fortis Bank
'Superpower' Lending Capacity Now Extends into the Billions

Hackensack, NJ, January 25, 2007 – Hackensack, NJ, January 25, 2007 — Kennedy Funding, one of the industry's largest direct private lenders, has announced that it has secured a $200 million securitization from Fortis Bank, an international financial services provider engaged in banking and insurance. Headquartered in Europe, Fortis offers private, business, and institutional clients a comprehensive package of products and services through their own channels, in collaboration with intermediaries and through other distribution partners. With a market capitalization of EUR 42 billion (USD 54.7 billion), Fortis ranks among the twenty largest financial institutions in Europe. Their sound solvency position, their presence in 50 countries and their dedicated, professional workforce of 59,000 enables them to combine global strength with local flexibility and provide clients with outstanding support.

Jeffrey Wolfer, President and co-CEO of Kennedy Funding, speaking about the recent alliance from his headquarters in Hackensack, NJ, said, "Under this new arrangement with Fortis, we now have the opportunity to make substantial inroads into the capital market, while making significantly greater funds available to our clients, at even more favorable rates."

He further observed that Kennedy's reputation for rapid closing and delivery of funds could only be enhanced by the new arrangement. "We've always been fast," he said, "and now, with the world-class funding sources of Fortis behind us, there's virtually nothing to prevent us from providing funds on an 'immediate' basis, given the right situation. In addition, our capacity to make more loans is significantly improved."

Kennedy Funding remains the borrower's best option for loans that do not meet the restrictions and requirements of traditional lending institutions. Such deals include raw land loans (both domestic and international), and a broad range of commercial enterprises, from golf courses and hotels to resorts and mixed-use communities. The loan process at Kennedy will continue as it is, namely quick assessments, due diligence, and a deep, abiding respect for the underlying value and unconventional nature of an undertaking. "We go where the banks and other conventional sources can't -- or won't," added Wolfer. "We're known as the lender that makes the impossible look suddenly possible. Now, with the new alliance with Fortis, that's truer than ever."

For their part, Fortis gains the opportunity to continue entering new markets and asset categories, while maintaining their excellent track record on behalf of the investors, funds, and corporate entities they represent. The association is a win-win-win situation for Kennedy Funding, Fortis, and the investors, borrowers and brokers looking for appropriate and available funding.

Kennedy Funding, the industry's leading direct private lender, is headquartered in Hackensack, New Jersey. Kennedy's streamlined evaluation process gives them the ability to issue loan commitments in as little as 24 hours, with closings in as little as five days, and often in no more than two weeks. Professionals including land-use developers, resort builders, entrepreneurs, and prominent businessmen have used the services of Kennedy Funding to great success. They can fund up to 65% loan-to-value for commercial land development, acquisitions, workouts, refinancing, bankruptcies, and foreclosures.

Kennedy Funding's $3.72 Million Loan Helps Atlanta Area Mixed-Use Project Get Underway
The Lofts on Antique Row Loan Closes in Only Two Weeks

Hackensack, NJ, October 23, 2006 – Charles Schmandt of F & S Lofts, LLLP, owned several contiguous parcels of land in Chamblee, Georgia, about 12 miles northeast of downtown Atlanta. He wanted to purchase an additional parcel and develop a 4.84-acre multi-use complex, to be named The Lofts On Antique Row. The development would have 166 residential loft units and over 42,000 square feet of commercial/retail space in five buildings, ranging from one to five stories, and up to two levels of underground parking. So Schmandt was in the market for an acquisition loan to complete his purchase, and he was looking to close quickly.

Finding a lender who was capable and willing to meet F & S's desires, however, proved to be more difficult than Schmandt had initially realized, and he was reluctantly considering his available options -- when he was introduced to Kennedy Funding.

Kennedy Funding is a direct private lender headquartered in Hackensack, New Jersey, that believes in securing their clients the fastest possible deal. "We know that each client is different," said Jeffrey Wolfer, President and Co-CEO of Kennedy Funding. "Everyone has a special situation and unique needs, and it's our job to be able to work with those requirements and close the deal quickly. We've made that one of our fortes, and we can complete the process faster than any bank or traditional lending organization. Charles needed our help, and we were able to close for him in just two weeks."



$1.845 Million Loan from Kennedy Funding Helps California Developer Bring a Little Bit of Beverly Hills to Lexington, Tennessee

Lexington, Tennessee, August 01, 2006 – When Dr. James Gambrell of Vision Developers, Inc., in Long Beach, California, visited Lexington, Tennessee a few years ago, he saw a need – a need he felt sure he could fill. He had purchased 85 acres just east of Beech Lake, and now he knew what he wanted to do with it. He decided that the area needed something in the way of housing, which eventually took the shape of The Fountains Resort at Beasley – an upscale, gated community featuring 162 elegant yet affordable homes, something Lexington had never experienced. Prior to this, homes were priced out of many people’s range, with the result that people working at the local Wal-Mart had to commute 30 – 40 miles just to find affordable housing. The Fountains would change all that.

All Dr. Gambrell needed was a loan to complete the infrastructure and common vertical amenities for the 162 lots. And that’s where the proverbial monkey wrench fell into the works, because the raw land Dr. Gambrell planned to use as collateral was not looked upon eagerly by the lenders he approached. In fact, three of them turned him down. Fortunately, Dr. Gambrell was introduced by a broker friend and associate to Kennedy Funding, and everything changed for the better.

Headquartered in Hackensack, New Jersey, Kennedy Funding is a direct private lender which takes a somewhat different view toward raw land loans than do other, traditional lenders. “Frankly, we like them,” says Jeff Wolfer, President and co-CEO of Kennedy Funding. “To us, raw land has beauty and potential. But when borrowers try to use it as collateral with a traditional lending institution, they’re like a lost man in the wilderness. So they come to Kennedy, because they know we can, and will, close the loan, and we’ll do it quicker than anyone else. In fact, we believe we’re the fastest, most flexible situational lender in the industry.”

“Kennedy Funding was very responsive, very quick, and never took a lot of time,” said Dr. Gambrell. “Thanks to their $1.845 million loan, The Fountains Resort at Beasley is on its way, and I can build my kind of homes – with wine cellars, kitchen bun warmers, and other upscale amenities as standard features. And Lexington can have a little bit of Beverly Hills right in its own back yard.”



Timely Loan from Kennedy Funding Helps OneCap Partners Purchase 78 Acres in 'Next Las Vegas'
$12 Million Loan Closes in Less Than a Week

Hackensack, NJ, June 21, 2006 – Among those in the know, Laughlin, Nevada is seen as becoming as big a phenomenon as Las Vegas itself. It's only a matter of time -- and development. Which is why Vincent Hesser of OneCap Partners 2, LLC wished to purchase two prime future development parcels totaling 78.02 acres along the Colorado River there. The intention is to land bank the property and eventually sell to an interested developer. The land lies at the southern end of Laughlin's 'strip', where the majority of the casinos are located, including the famous Harrah's resort complex, the latest one to be built.

All in all, it was a good plan, with an eye towards the future. Now all Hesser needed was for someone to make him a loan, with the raw land as collateral. Unfortunately, no lender was willing to move within the time frame necessary to make the loan.

In a fortuitous stroke of luck, however, Hesser was introduced to Kennedy Funding, a direct private lender based in Hackensack, New Jersey, that specializes in unconventional financing where speed and attention to special circumstances are critical. In particular, Kennedy welcomes raw land loans, as they are able to see the client's vision and its worth, and identify with it. As a result, Kennedy closed a $12 million loan with OneCap Partners 2 in just six days, and Vincent Hesser is now free to pursue his project.