How private capital actually works in Arizona: construction draws, land equity, deal structure, and the lending judgment behind them.
Written by the people who underwrite the loans, about the deals they actually see. No market predictions, no filler, just how this kind of lending works when it works well.
You have been underwritten. Almost nobody asks the question in the other direction: can your lender carry you? The two shapes capital failure takes, and the four questions that surface them early.
Most construction lenders reimburse you after your crews are paid. An advance-draw loan works the other way: the money for each phase arrives before the phase begins. Here is how it works, with a real Arizona build.
The whole structure, piece by piece: a private first, a seller carry, and the operator's own cash, closed in weeks on the seller's timeline.
When you own the land free and clear, that land is your equity. Kenwood can fund up to 100 percent of the hard construction cost.
Carrying cost is the quiet, daily drag of interest on money you are not using yet. The two-tranche structure puts that money back in your margin.
Most construction lenders treat your project like a file number. Here is what the process looks like when it is designed around how construction actually works.
Builders who float construction costs operate in permanent cash-flow strain. The problem is not your project. It is the direction your capital is moving.
Send it over. A principal reads every submission, and you talk to decision-makers from the first call.
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