You’re a builder. You know exactly how to run a job site.
You sequence trades. You manage timelines. You know that lumber ordered on a Tuesday lands on a Thursday. You know a stalled crew costs you twice — once in idle time, once in rescheduling fees.
What you didn’t sign up for is financing your lender’s paperwork backlog.
The Problem Nobody Talks About
Here’s how most construction loans actually work:
You spend the money first. You pay your suppliers. You pay your crews. Then you wait — sometimes 3, 4, even 6 weeks — for your reimbursement draw to come back.
By then, the next phase is breathing down your neck. And the materials you need today cost more than the materials you priced 30 days ago.
That gap between what you spent and what you got reimbursed? That’s called
floating. And it’s costing you more than you think.
Builders who float construction costs operate in permanent cash-flow strain. They make compromises. They delay orders waiting on draws. They watch lumber prices climb 11% while the bank processes an inspection checklist.
The problem isn’t your project. It’s the direction your capital is moving — backward, when construction only moves one way.
Construction Moves Forward. Your Capital Should Too.
Kenwood Mortgage Investments has funded ground-up construction in Arizona for over 30 years. One thing hasn’t changed in that time:
Materials don’t wait. Crews don’t wait. But reimbursement lenders ask you to.
That’s why Kenwood structures every construction loan around
advance draws — not reimbursements.
Here’s the difference:
With a reimbursement lender, you front the money and wait for your check.
With Kenwood, you request a draw for an approved phase — a local inspector confirms progress is on track — and the funds land
before you need to write the next check.
That means you can lock in material pricing today. No waiting. No watching costs climb while paperwork moves through a committee you’ve never met.
Your crews stay mobilized. Your suppliers stay current. Your project stays on schedule.
What Locking In Pricing Actually Means on a Luxury Build
Think about what you’re building.
Upper-end construction in Arizona isn’t a spec home. It’s a $2M+ project with custom finishes, premium structural materials, and subcontractors who book out months in advance. When material costs jump — and they jump — the delta hits harder on high-spec builds.
A 10% swing in lumber or steel on a $2M build isn’t a rounding error. It’s
$50,000 to $100,000 you didn’t plan for.
When your funding moves forward with your build, you price your materials at the moment you need them — not the moment your lender finishes the paperwork. That’s not just convenience. That’s protection against one of the most unpredictable cost variables in the market.
Simple Process. No Bank-Type Neurosis.
Getting an advance draw with Kenwood doesn’t require a 47-page application or a three-week committee review.
Kenwood keeps it simple: a construction budget, paid invoices, and lien waivers. A local inspector verifies phase progress. Funds advance to the next phase.
That’s it.
No endless documentation cycles. No resubmission loops. No calls with people who’ve never seen a job site.
Just capital moving at the speed of your build.
Stop Floating Construction Costs.
You’ve been financing your lender’s inefficiency for long enough.
If your current lender makes you pay first and reimburse later, you’re not just waiting on money — you’re paying for materials that cost more than they should, working with less runway than you need, and absorbing risk that a better capital structure would eliminate.
Advance draws don’t just solve a cash-flow problem. They change how you build.
Kenwood funds progress — not paperwork.
Call Kenwood Mortgage Investments today. Get your term sheet in 48 hours.
(480) 783-8800
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