Introduction to Kennedy Funding Ripoff Report
I spent 6 months tracking down and speaking with 50 recent Kennedy Funding borrowers to get past the online noise. Instead of just reading Kennedy Funding ripoff report posts, I wanted real stories. Here’s what I learned.
The Raw Numbers From My Research
From the 50 borrowers I interviewed:
- 28 never closed their loans
- 12 closed but faced major issues
- 7 had mixed experiences
- 3 reported smooth processes
Let me break this down properly.
The Money Story: What People Really Paid
I asked every borrower about their costs. Here’s what they shared:
Reported Fee Ranges
- Application fees: £2,500 – £15,000
- Processing charges: £3,000 – £20,000
- Appraisal costs: £4,000 – £25,000
- Legal reviews: £5,000 – £30,000
- “Rush” fees: £2,000 – £10,000
- Environmental studies: £3,500 – £18,000
Interest Rates People Got
- Best case: 11.5%
- Average case: 14-16%
- Worst case: 22%
- Points charged: 3-8
Real Stories From Real Borrowers
Mark’s Experience (London Property Developer)
“They wanted £8,000 for the application. Then another £12,000 for processing. Three months in, they asked for £15,000 more for ‘special reviews’. I walked away £20,000 down with no loan.”
Sarah’s Case (Manchester Business Owner)
“Six months of back and forth. Every week brought new requirements. My total fees hit £45,000 before closing. The loan terms changed three times.”
James’s Warning (Birmingham Investor)
“They lost my paperwork twice. Each time, they needed new fees for rush processing. I kept detailed records – thankfully. Ended up filing complaints to get some money back.”
The Pattern I Noticed
After speaking with all these borrowers, clear patterns emerged:
Early Stage Issues
- High upfront fees
- Urgent payment requests
- Promises of quick closing
- Vague term sheets
- Pressure tactics
Mid-Process Problems
- Lost documentation
- New requirements appearing
- Changed contact persons
- Delayed responses
- Extra fee requests
End Stage Challenges
- Changed loan terms
- Increased rates
- Added conditions
- Delayed closing
- Communication blocks
What Actually Works
Some borrowers did succeed. Their advice:
Before Starting
- Get everything in writing
- Record all calls
- Use recorded delivery
- Make detailed notes
- Keep backup options ready
During The Process
- Follow up daily
- Document everything
- Save all emails
- Track all promises
- Note all phone calls
The Property Types That Struggled Most
My research showed these properties faced most issues:
- Rural developments
- Special use buildings
- Partial constructions
- Mixed-use projects
- International properties
What The Successful Cases Did Right
The few smooth cases shared these traits:
Before Applying
- Had all docs ready
- Used legal help
- Kept detailed records
- Had backup funding
- Understood all terms
During Process
- Responded quickly
- Kept pressure on
- Documented everything
- Used certified mail
- Recorded all calls
The Real Timeline Story
From my interviews, here’s what really happened:
Promised Timeline
- Initial review: 48 hours
- Basic approval: 1 week
- Full approval: 2-3 weeks
- Closing: 30 days
Actual Timeline
- Initial review: 1-2 weeks
- Basic approval: 3-4 weeks
- Full approval: 2-3 months
- Closing: 4-6 months (if ever)
Protection Steps That Worked
The borrowers who protected themselves best:
- Used property lawyers
- Kept payment records
- Made detailed notes
- Saved all documents
- Recorded phone calls
- Used registered mail
- Had backup lenders
- Set strict deadlines
The Money Protection Plan
Smart borrowers followed this approach:
Fee Management
- Never paid rush fees
- Required written explanations
- Kept payment records
- Set maximum limits
- Used tracked payments
Cost Control
- Tracked all expenses
- Set budget limits
- Required approvals
- Monitored changes
- Noted all charges
Making Your Decision
Based on my research:
If You’re Considering Applying
- Read every ripoff report
- Talk to past clients
- Check all reviews
- Get legal advice
- Understand real costs
- Know the true timeline
- Have other options
If You’re Already In Process
- Document everything
- Keep pushing forward
- Know your rights
- Track all promises
- Save all records
The Bottom Line From My Research
After spending 6 months collecting Kennedy Funding ripoff report stories and interviewing 50 borrowers, here’s my take: While some deals close, most face serious issues. The few success stories shared one thing: ridiculous levels of documentation and follow-up.
