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EVOLUTION OF A DEAL:
The Kennedy Loan Process Explained
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 The application: Kennedy gets the details
You’ve applied for the loan and Kennedy gets to work—fast. Within hours, we’re analyzing a summary of the deal, checking financials and looking at every aspect of the package.
Reviewed within 4-8 hours from submission. |
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 Letter of interest
If we like what we hear, we’ll issue a letter of interest to the prospective borrower, outlining the basic points associated with the deal and stating our intention to continue the process.
Reviewed within 8-24 hours from submission. |
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 Commitment
You’ll get a loan commitment from Kennedy within 24-48 hours of applying for your loan. Once it’s issued, the deal’s as good as done. Barring any unusual circumstances, the money will be yours in a few days.
Reviewed within 24-48 hours from submission. |
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 Due diligence
Naturally, we perform due diligence on the property. Appraisals, inspections and searches must all take place…and comply with local regulations.
Reviewed within 3-5 days from submission. |
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 Closing
This is it! It’s time to close the loan. In as little as 48 hours (but typically about 10 business days from applying), you can have $1 million to $100 million or more to meet your deadlines and make your commitments.
Reviewed within 5-10 days from submission. |
