Posted in home improvement loans

Kennedy Funding Closes $3 Million Land Loan for Portion of Former Murdock Village Site in Port Charlotte, Florida

ENGLEWOOD CLIFFS, N.J., Sept. 23, 2020 /PRNewswire/ — A long-promised commercial center in Port Charlotte, Florida, will soon be underway, thanks to Kennedy Funding.

The Englewood Cliffs, New Jersey-based direct private lender today announced the closing of a $3 million loan to Lost Lagoon Development for the acquisition of 101.46 acres of land located at 17512 Toledo Blade Boulevard in Port Charlotte.

Lost Lagoon Development purchased the property for $3.755 million – and Kennedy Funding closed the loan – at 80% of the purchase price.

“A commercial real estate loan at 80% loan-to-cost, particularly on raw land, is quite rare in the hard money space,” said Kevin Wolfer, CEO, Kennedy Funding. “Knowing the contract contained several contingencies for rezoning and site plan approvals significantly increased this property’s value and made this an extremely unusual and attractive arrangement. Once the borrower secured the approvals, we were able to quickly close.”

Arredondo

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Posted in home improvement loans

Kennedy Funding Closes $3 Million Land Loan for Portion of Former Murdock Village Site in Port Charlotte, Florida | Nachricht

ENGLEWOOD CLIFFS, N.J., Sept. 23, 2020 /PRNewswire/ — A long-promised commercial center in Port Charlotte, Florida, will soon be underway, thanks to Kennedy Funding.

The Englewood Cliffs, New Jersey-based direct private lender today announced the closing of a $3 million loan to Lost Lagoon Development for the acquisition of 101.46 acres of land located at 17512 Toledo Blade Boulevard in Port Charlotte.

Lost Lagoon Development purchased the property for $3.755 million and Kennedy Funding closed the loan at80% of the purchase price.

“A commercial real estate loan at 80% loan-to-cost, particularly on raw land, is quite rare in the hard money space,” said Kevin Wolfer, CEO, Kennedy Funding. “Knowing the contract contained several contingencies for rezoning and site plan approvals significantly increased this property’s value and made this an extremely unusual and attractive arrangement. Once the borrower secured the approvals, we were able to

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Continue Reading Kennedy Funding Closes $3 Million Land Loan for Portion of Former Murdock Village Site in Port Charlotte, Florida | Nachricht
Posted in kitchen ideas

Juliet Italian Kitchen To Open 2nd Austin Site, Start Hiring

AUSTIN, TX — Even as other eateries are closing their doors after financially succumbing to the coronavirus pandemic, Juliet Italian Kitchen on Monday announced plans to open a second location with an accompanying hiring spree.



a plate of food on a table: The second restaurant will be opened at The Arboretum along 10000 Research Blvd. by February 2021, with hiring to start in November.


© Juliet Italian Kitchen
The second restaurant will be opened at The Arboretum along 10000 Research Blvd. by February 2021, with hiring to start in November.

The second restaurant will be opened at The Arboretum along 10000 Research Blvd. by February 2021, officials said in an emailed advisory. The restaurant will be open seven days a week and serve lunch, dinner, happy hour and weekend brunch, officials said, with menus featuring Juliet’s classic dishes such as its 17-layer lasagna, a robust wine list and seasonal cocktails plus new options unique to the location.

In the spirit of its original location, Juliet’s second location will feature spacious outdoor seating and a relaxed atmosphere perfect for family

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Posted in home remodeling

Saving Home: Group works to sell historic site

The community is in danger of losing one of its historic buildings.

One group remains determined to save it.

Located at 915 N. Oak St., the John Nelson Deming House waits for occupants. The home erected in 1898 has sat empty for more than a decade and landed on the Georgia Trust for Historic Preservation’s 2020 list of “places in peril.”

Vickie Everitte, a volunteer with the Valdosta Heritage Foundation, is part of a group working to find a home for this house.

What makes the two-story house unique, she said, is two things: this being one of three local homes with a Carolina porch and being built by John Nelson Deming.

A Carolina porch, also known as a rain porch, is where columns for the porch roof are not attached to the porch floor. This allows for the roof to extend out farther and keep water off

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Posted in improvements

SC Ports Authority granted over $21 million by US DOT for improvements to Lowcountry commercial site

The South Carolina Ports Authority announced the agency has been awarded $21.68 million by the US Department of Transportation (DOT) to assist in the construction and improvement of infrastructure at the Ridgeville Commerce Park in Dorchester County.



a close up of a book


© Provided by WLTX-TV Columbia


The money is part of the US government’s $1 billion investment in the nation’s infrastructure through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants program.

Funds will be spent on both onsite and offsite improvements. 

According to the DOT’s description of the funding project, on-site improvements include a new two-mile long industrial access road and a new 20-acre truck chassis/empty container storage yard, in preparation for development of an import distribution center. It will also widen approximately ¾‐mile of an existing off-site road (SC27) to provide improved access from the project site to I‐26.

SC Ports announced in July that Walmart is planning on

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