Frequently Asked Questions
How fast can my private money loan close?
Kennedy Funding can give a commitment in just 24 hours, and we can close loans from $1 million to $100 million or more in just two weeks. Sometimes, in certain circumstances, in just days.
What about an appraisal?
They’re sometimes necessary. Many times, evidence of value is a crucial part of the private money loan process. But sometimes a good set of comps can be just as useful.
Why is it called "hard money"?
There’s no right answer. Some think it's because the money is used for difficult loans. Others believe that it’s because traditionally it has been "real money" in the sense that it isn’t borrowed. It comes down to the fact that no one really knows.
So how do I get a private money loan with Kennedy Funding?
You run the concept by us first. Call and discuss the loan with us, e-mail a summary, or use our online loan submission form. If your project concept is viable, you’re on your way.
Kennedy Funding Hard Money Loan Criteria
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