Bridge loans are used as a temporary source of capital until a more traditional source can be secured.
Fix and Flip
Fix and flips are used exclusively for single family residential homes. Investors will purchase a distressed property or fixer upper, with the intention of ‘fixing’ the damage and improving its look. The ultimate goal is for the investor to sell or rent the property.
Residential rehab loans offer funding to real estate investors who are purchasing and improving residential real estate.
Cash-out refinance loans on commercial and residential real estate for business purposes are one of the most common loan scenarios we see today.
Buy and Hold
Buy and hold loans fill an important gap between short-term and long-term loans.
A distressed property offers tremendous opportunities for buyers and investors alike. When a bank or lender repossesses a property, it generally wants to unload it fast to recoup its financial expenditure. It will make every attempt to sell it on the open market as expediently and expeditiously as possible, first at auction, and if there is no buyer, then to the general public.
Foreign Real Estate Investor
Foreign Investors typically have a hard time securing financing for real estate for investment or starting a business.
Kenwood Mortgage Investments provides hard money funding for all real estate investment types throughout Arizona. Below is just a short list of some of the Arizona cities and towns we funded with private money:
Coconino County – Flagstaff
Gila County – Payson
Maricopa County – Chandler, Gilbert, Glendale, Mesa, Phoenix, Scottsdale, Tempe
Pima County – Tucson
Yavapai County – Prescott, Sedona
Navajo County – Show Low
In addition to the list above for our private money funding service areas in AZ, Kenwood Mortgage’s competitively priced hard money loan programs will also be approved nearly anywhere in Apache County, Cochise County, Graham County, Greenlee County, La Paz County, Mohave County, Pinal County, Santa Cruz County, or Yuma County.