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ENGLEWOOD CLIFFS, N.J., Jan. 21, 2021 /PRNewswire/ Kennedy Funding announced today that it has closed a $1.815 million loan to Bloomfield Technology Park, LLC. Proceeds from the loan will be used to pay off the existing first mortgage on 31.32 acres of raw land in Bloomfield Hills, Michigan. Remaining proceeds will be used as working capital to update site approvals.
Located just a few blocks from Select Specialty Hospital and major retail, the property is zoned as a research park district, ideal for business and commercial use. It is currently listed for sale at $4.9 million.
According to Kevin Wolfer, CEO of Kennedy Funding, the Englewood Cliffs, New Jersey-based direct private lender, the borrower experienced roadblocks applying for funding from traditional lenders, despite their extraordinary credit rating, and collateral that would typically be a significant deciding factor for many banks.
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Sputnik International
(STEVE ARSTAD / iNFOnews.ca) January 17, 2021 - 9:00 AM Last year’s outbreak of COVID-19 bolstered an already busy swimming pool market in Kamloops and the Okanagan, with many residents opting to build a backyard pool rather than go on vacation during the pandemic. The City of Kelowna saw a big boost in pool permits issued early in the start of the pandemic last year, and the trend appears to be continuing in other communities as pandemic restrictions continue. Unfortunately, if you are one of those contemplating a backyard pool for this summer, you may already be out of luck because contractors are so busy.
Another carjacking has been reported in Arlington.
The crime happened around 2:30 a.m. Monday in Pentagon City. Police say a group of five suspects jumped a man who was standing outside his vehicle, then started to drive off with it, dragging him for “a short distance” in the process.
The victim suffered minor injuries, police said.
More from an Arlington County Police Department crime report:
CARJACKING, 2020-12280012, 1400 block of S. Joyce Street. At approximately 2:34 a.m. on December 28, police were dispatched to the report of a fight. Upon arrival, it was determined that the victim was outside of his vehicle when a group of five suspects approached him and began asking for a ride. The suspects surrounded the victim, at which point they grabbed the keys to the vehicle from the victim and assaulted him. The suspects entered the vehicle and the victim attempted to pull one suspect out of the driver’s seat unsuccessfully. The suspects then began to drive away, dragging t