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KENNEDY FUNDING SECURES $47.14 MILLION LOAN FOR BRIGHTWATER CLUB

EAGLE COUNTY, COLO. — Hackensack, N.J.-based Kennedy Funding has secured approximately $47.14 million in financing for the continued development of Brightwater Club, a 973-acre private neighborhood in Eagle County. The community will feature 535 single-family homes and a complete village with poolside terraces, spas and an Artisans Pavilion, which will provide studios, instruction, lectures and exhibitions. Additionally, the community will feature a Robert Trent Jones II golf course. The project is being developed by Clearwater Development Inc.

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‣ Arbor Realty Trust
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