KENNEDY FUNDING CLOSES $2.3M LOAN FOR ELVIS PRESLEY’S FORMER RANCH

HORN LAKE, MISS. — Kennedy Funding Financial has completed a $2.3 million, three-year acquisition loan for a 240-acre ranch, now known as Circle G Ranch, which once was owned by Elvis Presley. The ranch is located in Horn Lake, about 18 miles south of Memphis, Tenn. The borrower is purchasing the property for roughly $3.7 million. Circle G Ranch includes a 3,000-square-foot restaurant, a honeymoon cottage and a 5,028-square-foot personal residence.