231 Front Street, Lahaina, HI 96761 info@givingpress.com 808.123.4567

Tag: Charlotte

Lowe’s donates over $9 million to help keep homes safe and affordable in Charlotte

Lowe’s Home Improvement store is donating $9.25 million in funding, products and gift cards to organizations in Charlotte to keep “homes safe, healthy and affordable” amid the coronavirus crisis.

Lowe’s announced Tuesday it is making the donations in a combination of funding, products and gift cards to nearly 30 local charitable groups and businesses for affordable housing, skilled trades training and technology, the company announced Tuesday.

The Mooresville-based company is extending how it thinks about the word home, company executive vice president of human resources Janice Little said.

Little told the Observer the donations are another step in the company’s efforts to help with community projects. Lowe’s also has an employee volunteer program that has been focused on affordable housing and skilled trades over the last year.

“We really need to make sure that we can support all members of our community,” she said.

Some of the Charlotte hometown

Read More

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

Read More

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

Read More