Edwin Urrego is an executive loan officer at Kennedy Funding
By Joshua Burd
A developer in one of Colombia’s largest cities has scored $1.26 million in financing from Kennedy Funding, the Englewood-based direct private lender.
According to a news release, the loan provides working capital to Cocoa & Company SAS for a planned residential subdivision on nearly 50 acres in Cartagena. That allows the borrower to advance a project that is currently in the feasibility stage, the lender said, noting that residential development along the Cartagena-Barranquilla corridor is expected to accelerate, with new condominium communities and planned residential buildings benefiting from proximity to the coast and destination amenities such as Crystal Lagoon.
Kennedy Funding sourced the cash-out refinance loan through local commercial mortgage brokers in Colombia, reflecting its expanding network of trusted relationships and its fast-growing international portfolio.
“International lending isn’t just about financing a property — it’s about understanding the market behind it,” said Edwin Urrego, executive loan officer at Kennedy Funding. “Every country has its own legal, regulatory and cultural landscape. Our experience allows us to navigate those differences and provide financing solutions for borrowers pursuing opportunities that many lenders simply aren’t equipped to handle.”
The lender noted that Cartagena, located on Colombia’s Caribbean coast, is one of the country’s most recognized commercial and tourism centers. Its strategic port, expanding infrastructure, growing population and continued residential development have made it an increasingly attractive destination for real estate investment, the firm said.
Beyond working capital, Kennedy Funding structures loans for land acquisitions, cash-out refinancing, development, foreclosures, bankruptcies and other commercial real estate needs, giving borrowers flexible capital solutions tailored to each project’s objectives. The company has successfully financed transactions throughout Latin America, the Caribbean, Europe and other international markets by understanding how to navigate the complexities of working overseas.
“International lending has been part of Kennedy Funding’s DNA for decades,” said Kevin Wolfer, the firm’s CEO. “Our experience, creativity and willingness to think beyond traditional lending boundaries allow us to help borrowers move projects forward where others may not.”
