Kennedy Funding Closes $2.85 Million Land Loan for South Orange, N.J., Mixed-Use Development

Kennedy Funding Closes $2.85 Million Land Loan for South Orange, N.J., Mixed-Use Development

Private lender loan paves the way for 61 residential units. ENGLEWOOD, N.J., Nov. 18, 2025 /PRNewswire/ -- Kennedy Funding, a leading global direct, private lender, closed a $2.85 million loan for a planned mixed-use development in a rapidly growing North Jersey municipality. The lender closed the land loan at a 55% loan-to-value (LTV) ratio against two parcels totaling 2.20 acres located at 270 Irvington Avenue and 299 Irvington Avenue in Sout…

Kennedy Funding closes $2.85M land loan for mixed-use development in South Orange

Kennedy Funding, a direct private lender, closed a $2.85 million loan for a planned mixed-use development in South Orange. The lender closed the land loan at a 55% loan-to-value ratio against two parcels totaling 2.20 acres located at 270 Irvington Ave. and 299 Irvington Ave. in the Essex County village. The two lots were purchased in an all-cash deal for $5.1 million in August 2025. When completed, the mixed-use complex will feature 61 resident…