I personally know of 2 different investors that have been taken by this company. They say they can fund your deal in the millions of dollars and even will fly out to look at your project.
They then tell you YES we can fund it but we need you to give us a Due Diligence fee to underwrite the loan. Then they make you sign a contract saying basically that they aren't required to do anything for the money you give them. Why anyone would sign their contract is beyond me. I think its just desperation for funds.
Some of my investor friends have given this company $180,000 in Due diligence fees. What happens is this company then comes back and says, 'Sorry we can't fund your loan.' Then they keep your money.
I don't think this company has EVER funded a legitimate project. They put fake projects they've funded on their website and do things like fly out to see your project to make it seem real.
I know of 2 investors in just the State of Utah that Kennedy Funding out of NJ as taken Due Diligence money from, in the hundreds of thousands of dollars. They will take your money and run. Beware.
This company gives all legitimate private money brokers and lenders a bad name. No matter how tempted you are and desperate to get your deal funded (this is the type of investor this company preys on) DO NOT give them any money. You WILL NOT see it again I assure you.
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