Kennedy Funding has provided a $4.15 million land loan to Encanto Lender LLC for a property in Mejía, Pichincha Province, Ecuador.
This marks the company’s expansion into South America, adding Ecuador to its list of international loan destinations outside the U.S.
The loan proceeds will support Ecuagarden Farms, a renowned family-owned flower distributor specializing in roses.
With nearly 40 years of operation and 250 employees, Ecuagarden Farms is a major exporter of flowers to the United States, maintaining operations in both Ecuador and Florida. The company also operates Tanella’s Flowers at Miami’s Aventura Mall.
Ecuagarden Farms plans to use the funds to expand its operations on two properties in Ecuador, totaling 290 acres.
Luciano Cuneo of LMC Alternative Business Capital, the broker for the deal, highlighted that Kennedy Funding is one of the few private lenders engaging in international business and one of the only ones offering loans in foreign countries.
