Kennedy Funding has successfully closed a loan of $2.1 million to NSB Estate, LLC, designated for a newly constructed synagogue in Ferndale, located in Sullivan County, New York. This transaction underscores Kennedy Funding’s expertise in financing non-traditional real estate properties, which often do not meet conventional lending criteria.
The loan supports a multi-level religious facility built on more than two acres, featuring an attached residence for the clergy. Completed in 2025, this property is designed to accommodate religious services, community gatherings, and on-site living arrangements, making it a vital part of the local community.
Specialized Financing for Unique Properties
Chase Wolfer, a Loan Officer at Kennedy Funding, emphasized the challenges associated with financing specialty properties. “Specialty properties require more than a checkbox approach to lending,” he stated. “This was a newly built religious facility with a very specific use, and our team took a comprehensive view of the asset, the location, and the borrower’s objectives to structure a funding solution that truly fit.”
The synagogue boasts a basement level, a main sanctuary floor, and a partial upper level, while the attached residence provides necessary living space for the clergy member. Conveniently located near State Route 55 and County Route 14, the property is approximately ten minutes from Sullivan County International Airport.
For many borrowers, financing specialized properties like religious facilities can present significant challenges. Kennedy Funding’s ability to assess complex collateral and offer flexible financing options distinguishes the firm in the private lending market.
A Proven Track Record in Private Lending
Kevin Wolfer, CEO and President of Kennedy Funding, highlighted the firm’s focus on understanding real estate that does not conform to traditional lending models. “Whether it’s a specialty-use property, land, or a complex asset, we bring experience, judgment, and consistency to every deal. That’s why borrowers rely on us when conventional options fall short.”
With over $4 billion in loans closed globally, Kennedy Funding has financed properties across various regions, including the United States, the Caribbean, Europe, and Central and South America. The firm is recognized as a reliable source of capital for borrowers seeking funding solutions for unique real estate assets.
“This closing reflects the way Kennedy Funding approaches every transaction,” Chase Wolfer added. “We focus on understanding the asset and the bigger picture, then deliver capital in a way that supports long-term success.”
Kennedy Funding specializes in bridge loans for commercial property and land acquisition, development, workouts, bankruptcies, and foreclosures. They offer creative financing options, providing funding up to 75% loan-to-value, from $1 million (or $3 million internationally) to amounts exceeding $50 million, often in as little as five days. For more information, visit their website at www.kennedyfunding.com.
