EAST WINDSOR, N.J. — Kennedy Funding Financial, a direct private lender based in New Jersey, has closed on a $1.7 million loan to EW Acquisition LLC.
The proceeds will be used for working capital and to fund infrastructure improvements at The Seasons at East Windsor, a proposed 121-unit assisted living facility in East Windsor, located midway between New York City and Philadelphia.
Developers purchased the property in July 2005 for $625,000. The 89,038-square-foot project sits on a four-acre site and will feature a mix of assisted living and memory care units. It is scheduled for completion in 2017.