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| Company Overview |
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Kennedy Funding had its inception in 1987, a direct private lender with a difference. Kennedy realized the traditional lending industry had two glaring flaws: a lack of speed, and a lack of flexibility. Banks, credit unions, and other conservative lending organizations took weeks or even months to close a loan; there were no shortcuts, and no faster avenues. What’s more, the traditional lenders were supremely inflexible, refusing to try and accommodate any unusual elements inherent within a borrower’s loan. Accordingly, Kennedy set out to change all that, and became known as the alternative lender able to close loans between $1 million and $100 million in ten business days or less. In addition, the company acquired a deserved reputation for being genuinely interested in its clients, to the point where special considerations were always taken into account, and even the ‘impossible’ loans became routinely ‘possible’ for Kennedy Funding.
In 1996, Kennedy became a global concern, conducting its already renowned domestic lending philosophies on a world stage. Today, known internationally as experts in all forms of commercial real estate bridge loans, including raw land, Kennedy is at the forefront of the direct private situational lending arena. Kennedy Funding currently has affiliations with clients in North America, Latin and South America, the Caribbean, Europe, and the Far East. |
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Executive Biographies:
Jeffrey Wolfer – President and Co-CEO Jeff Wolfer has been instrumental in evolving Kennedy Funding into a globally successful and tactically innovative organization. Starting with a definite vision, Jeff built a core team of professional loan executives, legal counsel, and support personnel, and implemented a strategic plan which resulted in the acceleration of sales and expansion throughout the world -- including into Latin and South America, Canada, Europe, and Asia. Because of Jeff’s foresight, tenacity, experience, and talent, Kennedy Funding was better able to effectively serve the financial needs of borrowers worldwide. Then he turned in a completely new direction: Instead of merely providing distress loans, he turned the company into a situational lender, opening up entire new vistas of opportunity for Kennedy Funding. It is this situational status, combined with Kennedy’s appetite for raw land loans (using the raw land itself as collateral) that today differentiates the company from the majority of its competition. The company now thrives on land development and land acquisition loans, and leverages them to cement relationships between themselves, clients, and the brokerage industry.
Jeffrey, a native of New Jersey, received his Bachelor of Arts degree in financing from Muhlenberg College in Allentown, Pennsylvania.
Kevin Wolfer – Co-CEO Kevin Wolfer has used his years of experience, comprehensive knowledge of the lending business, and intensive work ethic to help take Kennedy Funding into the forefront of the private lending industry. Kevin combines his strong creative financing talents with a focused intensity and successfully completes impressive international loans on a continuing basis.
While relishing the complex transaction, Kevin has an uncanny ability to simplify the otherwise complex loan process, and offers lucid, cogent options to the borrower virtually every step of the way. Where others might be expected to spend weeks on a loan, he is able to close quickly, skillfully negotiating commitments and overseeing the due diligence process for the client. Conducting business with dual agendas in mind, he first makes certain the client gets the required response. Then, he builds good client and broker relationships using his service-oriented approach, resulting in yearly company increases in repeat business and invaluable client referrals.
Kevin earned both his BA and MBA in finance from Emory University.
Gregg Wolfer – Co-CEO Gregg Wolfer applies his marketing expertise and distinctive creative flair to those key transactions which require thinking above and beyond the box. Insiders have since referred to his ability as the ‘Nothing’s Impossible’ strategy.
Gregg seems to thrive on the most stringent challenges and the strictest deadlines, and his expertise as a pragmatic problem solver serves him in good stead in situations where quick thinking and creativity are paramount. The loans he has closed are considered to be among the most well-conducted in the industry and have proven time and again that his talents and expertise are invaluable assets to the company.
Gregg is a regular fixture at the more important industry trade shows and conventions, where he can be seen and heard elucidating and explicating the values and benefits of hard money and direct private lending.
Gregg received his Bachelor of Science degree while at the University of Arizona.
Jonathan Hornik – General Counsel Jonathon Hornik brings an impressive collection of legal experience to his position at Kennedy Funding. While previously working with notable New York law firms, he concentrated on the acquisition, sale, financing, leasing, and development of integral real estate assets, and represented clientele on both sides of the table. Jonathon has been responsible for generating several billion dollars of transactions across the country, with several noteworthy deals conservatively estimated as high as $400 million. His proven knowledge and practical experience with high-level real estate structures and negotiations stand him in good stead during his legal efforts on behalf of the company.
A member of the bar in New York and New Jersey, Jonathon earned his Bachelor of Arts degree from the University of Delaware, and received his J.D. from Brooklyn Law School.
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