Kennedy Funding Closes $3.6M Bridge Loan for Naples Resort
Private lender Kennedy Funding has closed a $3.63 million bridge loan for Port of the Islands Resort in Naples, Florida, to retire debt and fund renovations.
Kennedy Funding, a direct private lender based in Englewood, N.J., has closed a $3,633,000 bridge loan for Port of the Islands Resort, a mixed-use property located in Naples, Florida, the company announced Nov. 5, 2026.
The financing was structured to accomplish two objectives: paying off three existing loans encumbering the property and providing capital for renovations at the resort. Bridge loans of this type are typically short-term instruments used by borrowers who need immediate liquidity while they pursue longer-term financing or asset improvements.
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Kennedy Funding positions itself as one of the nation's leading direct private lenders, a designation that distinguishes it from loan brokers or bank intermediaries. Direct private lenders generally offer faster closing timelines and greater flexibility on collateral, factors that often make them attractive to resort and hospitality borrowers with complex capital structures.
The Naples, Florida market has drawn sustained investor interest due to its high-income residential base and robust tourism activity, making mixed-use resort assets in the region a focal point for both renovation capital and refinancing activity. The consolidation of three prior loans into a single bridge facility may simplify the borrower's debt-service obligations during the renovation period.
Continue reading at Real Estate for the full transaction details and lender commentary.
