Kennedy Funding Closes $3.6M Bridge Loan for Naples Resort
Private lender Kennedy Funding secured a $3.633M bridge loan for Port of the Islands Resort in Naples, FL, to retire debt and fund renovations.
Kennedy Funding, a direct private lender based in Englewood, N.J., has closed a $3.633 million bridge loan for Port of the Islands Resort, a mixed-use property located in Naples, Florida, the company announced Nov. 5, 2026.
The financing is structured to serve two primary purposes: paying off three existing loans currently encumbering the property and providing capital for planned renovation work at the resort. Bridge loans of this type are typically short-term instruments designed to give borrowers immediate liquidity while longer-term financing or property improvements are arranged.
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Kennedy Funding positions itself as one of the country's leading direct private lenders, a designation that distinguishes it from bank-dependent brokers by allowing the firm to underwrite and fund deals from its own balance sheet. That structure can accelerate closing timelines, a key consideration for borrowers managing multiple existing debt obligations simultaneously.
The Naples market has remained a focal point for hospitality and mixed-use investment in Southwest Florida, drawing interest from lenders and developers drawn to the region's tourism base and demographic growth. Renovation capital at an established resort property can serve as a value-add strategy ahead of potential refinancing or sale.
Continue reading at Real Estate for additional details on the transaction terms and the borrower's development plans.
