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SPICEWOOD, TEXAS — Kennedy Funding, a New Jersey-based direct lender, has provided a $4.4 million loan for the refinancing of a 38.8-acre residential development site in the Central Texas city of Spicewood. The site consists of six adjoining parcels, and the undisclosed borrower will use the loan proceeds to access capital to support the next stage of the project, details of which were not disclosed. Edwin Urrego led the Kennedy Funding team in the transaction.