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aid press release – contact distributor for inquiries. New Jersey direct lender Kennedy Funding, part of a global private lender with $4 B in closed loans, recently closed a $2.05 million loan to The Beach Dallas LLC for 62.696 acres of raw land at 2700 Simpson Stuart Road, Dallas, Texas. The buyer, under a $3 million purchase contract, will allow the seller to retain a $1.095 million second mortgage behind Kennedy’s loan. The borrower, referred by a broker familiar with Kennedy’s rapid closing reputation, had been stalled for three years after a prior lender collapsed. “We completed all paperwork and due diligence, then the lender shut down and went out of business,” said Christian Toxboe. “Edwin and the Kennedy team stepped in after the other lender failed; they were outstanding.” Executive Loan Officer Edwin Urrego explained that fast, on‑time closings can save borrowers substantial money, especially when credit is a concern. “We focus on the deal, not the borrower’s credit history,” he said. Kennedy’s approach allows land loans for acquisition, development, or workouts even when traditional banks decline. Dallas’s rapid growth—nearly 178,000 new residents between July 2023 and July 2024—creates high demand for housing. The site sits in South Dallas, served by I‑20, with easy access to downtown, DFW International Airport, and nearby colleges (University of North Texas – Dallas, Paul Quinn College). The area’s skilled workforce attracts companies relocating to the Dallas‑Fort Worth region.