Kennedy Funding Lawsuit: What You Need to Know

Kennedy Funding is a well-known private lending company, but it has faced legal issues over the years. If you’re searching for details about the Kennedy Funding lawsuit, this article explains everything in simple terms. We’ll cover key lawsuits, legal claims, and what borrowers and investors should know.

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Who Is Kennedy Funding?

Kennedy Funding is a direct private lender that provides loans for real estate projects, land development, and commercial properties. Unlike banks, they offer quick funding but often at higher interest rates.

Why Was Kennedy Funding Sued?

Several lawsuits have been filed against Kennedy Funding. Common legal issues include:

1. Allegations of Predatory Lending

Some borrowers claimed Kennedy Funding used unfair loan terms, high fees, or aggressive collection practices.

2. Breach of Contract Disputes

In some cases, borrowers sued Kennedy for not following loan agreements or changing terms unexpectedly.

3. Fraud and Misrepresentation Claims

A few lawsuits accused Kennedy Funding of misleading borrowers about loan conditions or hiding important details.

Key Kennedy Funding Lawsuits

Here are some notable legal cases involving the company:

– The 2016 New Jersey Lawsuit

A real estate developer sued Kennedy for allegedly backing out of a loan deal last minute, causing financial loss.

– The 2019 Borrower Class Action

A group of borrowers claimed the lender charged hidden fees and violated state lending laws.

What Borrowers Should Learn from These Lawsuits

If you’re considering a loan from Kennedy Funding or any private lender:

Read the contract carefully – Understand all fees and repayment terms.
Check for complaints – Look up past lawsuits or BBB (Better Business Bureau) reviews.
Consult a lawyer – Before signing, have an attorney review the agreement.