BENSALEM, PA—Kennedy Funding Financial LLC has completed a $3.5 million loan for Lifestyle Real Estate I, an affiliate of Lifestyle Healthcare Group, which has received approval from the township for a $185 million medical office campus to be built on a 10.31-acre tract of vacant land in Bensalem Twp., Bucks County, PA. The two-year, interest-only loan has an initial interest rate of 12%. The healthcare company's chairman, Fred Rappaport, says the integrated medical center is part of a trend to provide one-stop medical shopping for outpatient care.

MIAMI—Times are good for CRE borrowers—but not so good they don't have to do some legwork in finding the best loan. In part 2 of this article, Shahram Siddiqui offers a guide to the CMBS market and shadow lending.

WASHINGTON, DC—Existing investors are always asking the GSE what it is doing to expand the liquidity base, Laurel Davis tells GlobeSt.com's Erika Morphy. So this move pleases them.