Kennedy Funding Closes $1.633 Million Land Loan for Residential Development in Kennebunk, Maine

Kennedy Funding Closes $1.633 Million Land Loan for Residential Development in Kennebunk, Maine

ENGLEWOOD, N.J., June 30, 2025 /PRNewswire/ -- Amid soaring demand in southern Maine, Kennedy Funding is providing the financing to make new housing a reality. The direct private lender announced the closing of a $1.633 million loan to Abode Communities Kennebunk, LLC. Loan proceeds will be used to purchase 17 acres of undeveloped land at 274 Alewive Road in Kennebunk, Maine, for $1.2 million. The property is contiguous to 70 acres of land the …

Kennedy Funding inks $1.6 million loan to bring much-needed housing to Maine’s South Coast – Real Estate NJ

Jared Levitt, loan officer at Kennedy Funding By Joshua Burd Kennedy Funding has closed a $1.633 million loan to the developer of what will be 13 single-family homes in southern Maine, the Englewood-based lender announced Friday. According to a news release, Abode Communities Kennebunk LLC will use the financing to buy 17 acres of undeveloped land at 274 Alewive Road in Kennebunk, Maine, for $1.2 million. The property is contiguous to 70 acres t…