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Kennedy Funding Closes $1.3 Million Loan for Industrial Property in Western Massachusetts


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ENGLEWOOD CLIFFS, N.J., May 11, 2021 /PRNewswire/  Kennedy Funding (kennedyfunding.com), one of the leading direct private lenders in the United States, announced today that it has closed a $1.3 million loan to Hampden Papers, Inc.
Proceeds from the bridge loan will be used as working capital for the borrower s property, located at 100 Water Street in Holyoke, Massachusetts. Funds will be used to complete payments due for Hampden Paper s prior business operations; the business was sold to a Louisville, Kentucky-based company in 2020. Proceeds will also be used toward the continued costs to maintain the 5.611-acre property, which is zoned for industrial use. ....

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