Kennedy Funding Closes $3.6M Loan for Naples Mixed-Use Resort
ENGLEWOOD, N.J. – November 05, 2026 -- Kennedy Funding has closed a $3,633,000 loan for Port of the Islands Resort, a mixed-use condominium and hospitality property at 25000 Tamiami Trail East in Naples, Florida.
The financing gives borrower A&T Investment LLC capital to pay off about $1.6 million in three existing loans, fund renovations and remodeling, and provide working capital. Benjamin Birch, president of New York City-based commercial financing firm Stratas, brokered the transaction. He said Kennedy gave the borrowers "several concessions to make sure the deal closed."
Kennedy Funding takes on a mixed-use asset that strains conventional lending criteria
Kennedy Funding loan officer Chase Wolfer said mixed-use properties often fall outside traditional lending requirements. He said the borrower needed one financing to address existing debt while also funding improvements and operations.