Kennedy Funding Closes $1.633 Million Loan For Abode Communities Kennebunk's Development Site In Maine

The property involved in this transaction is a development site located at 274 Alewive Road, Kennebunk, MN, encompassing 17 acres. The loan amount for this property is $1,633,000, which will facilitate the development of new housing in partnership with Habitat for Humanity and the establishment of a mobile home park.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,633,000
• Lender: Kevin Wolfer - Kennedy Funding
• Landlord: Abode Communities Kennebunk, LLC
• Date of Loan: 06/30/2025
• Market: Kennebunk, MN
• Acres: 17

This transaction was aimed at addressing the growing housing demand in Maine's South Coast. The private lender, Kennedy Funding, is recognized for its rapid turnaround times, which contributed to the successful closing of this loan for Abode Communities Kennebunk, LLC.