$442,000 Loan to LLC

At the peak of the market, this 6,000+ sf home in North Phoenix was built at a cost of over $2,000,000. So when it recently came on the market at the discounted price of just below $1,000,000 our borrower knew there was no time for traditional financing and immediately called Kenwood. With an ltv below 50%, Kenwood provided a 5-year loan with no prepayment penalty.