North Kingstown, RI Kennedy Funding Financial has completed a $1.8 million loan secured by a development site, according to Kevin Wolfer, CEO/president of the Englewood Cliffs, N.J.-based direct private lender. The borrower was property owner CIOE A34, LLC.

The collateral for the loan is a 5.31-acre parcel at Ten Rod Rd., currently zoned for approximately 200,000 s/f of mixed-use development. “The site has been granted master-plan approval as a transit-oriented development,” said Wolfer, noting that it is situated adjacent to the Wickford Junction MBTA commuter rail station. “The approval includes an increased residential density of 30 units per acre.”