$8M

DLP Capital Provides $8.015 Million Loan for Phase I of The Grove at Kennedy

DLP Capital is proud to announce the successful closing of an $8.015 million senior loan with ECW Group, LLC to support the development of Phase I of The Grove of Kennedy, a dynamic new residential community in West Richland, Washington.

This financing reflects DLP Capital’s ongoing commitment to partnering with experienced, mission-aligned developers to create high-quality, attainable housing in fast-growing markets.

A prime location

The Grove of Kennedy is located at 4401 Kennedy Road in West Richland, WA. Positioned on a 6.38-acre parcel, Phase I is part of a larger two-phase development totaling 10.37 acres.

The property is situated within the rapidly expanding Tri-Cities region—Washington state’s third-largest metro area—providing residents with convenient access to employment, education, and recreation. With Interstate 182 and Highway 12 nearby, The Grove at Kennedy is minutes from Washington State University Tri-Cities, Kadlec Regional Medical Center, and downtown Richland.

About West Richland

West Richland is part of the Tri-Cities region, which includes Kennewick, Pasco, and Richland. This area is now home to over 322,000 residents,¹ and its economy has evolved from a resource-dependent model to a diverse landscape anchored by healthcare, logistics, education, and manufacturing companies. Favorable demographic trends, coupled with consistent population growth and a scarcity of affordable housing options, provide a solid foundation for new residential development.

Community vision

Phase I of The Grove of Kennedy will consist of 52 total lots, including 36 finished lots and 16 lots designated for vertical construction of townhomes and duplexes. The development will feature a full suite of community amenities, including a 1,200-square-foot clubhouse with a fitness center, storage space, and gathering area. The complex will also feature a pool, pool house, and pickleball courts. Designed with families, professionals, and downsizing seniors in mind, the project aims to create long-term community value by emphasizing quality living and lifestyle amenities.

About ECW Group

The project is sponsored by ECW Group, LLC, a partnership between Walsh Group, Cedar, Sage Development, and Epic Capital.

Collectively, these firms bring decades of experience in residential development, custom homebuilding, and real estate investment across the Pacific Northwest and Intermountain West. With a proven track record of delivering high-quality communities, ECW combines thoughtful design, strong regional ties, and disciplined investment strategies to create lasting value for both residents and investors.