$700,000 Ground-Up Farmhouse and Barn
A licensed builder with land owned free and clear. Two structures, one loan, and every draw advanced before the phase began.
Proof, not promises
Recent Deals
Funded, built, and closed across Arizona. A sample of the deals that got done because a decision maker read them instead of a formula.
Every deal here started the same way: a borrower with a real plan and a clock running. Ground-up builds, flips, commercial buildings, land, and the deals no category quite fits. Names and addresses stay private; the work speaks for itself.
Featured projects
$1,800,000 Ground-Up Custom Home
A custom home on a mountain-view lot at Talking Rock Ranch. Land owned free and clear, one lender, six draws, bare dirt to finished exterior.
Many more across Arizona.
Thirty years of lending, in brief. Select any deal to read it.
- $ 750,000.00 land loan to developer to complete entitlements for 14 unit townhouse project.
- $600,000 ground up SFR construction in Laveen. This well established builder was putting up homes faster than the banks could keep up. Kenwood works side by side with its construction borrowers so they DO NOT have to come out-of-pocket for budget line items.
- 10% Rate, Listed For Sale, No Prepayment Penalty This beautiful Bridgeview Condo located on the Tempe Waterfront was photographed by Michael Duerinckx and featured in the June 2016 issue of Phoenix Home & Garden. It’s a well known fact that banks simply will not refinance a property that is listed for sale, regardless of the borrower’s high net worth or low loan to value. Kenwood principals approved this loan the moment they walked through the door and funded it within 24 hours from receipt of a preliminary title report. NO APPRAISAL! Click here for the listing.
- Foreign national (India) had connected all but one of the dots needed for a conventional purchase of this north scottsdale investment property. There was less than a week left on the contract, serious non-refundable earnest money in play and multiple back up offers threatening to take it away. Kenwood inspected the property the day the first call came in and closed in time to meet the deadline.
- Free and clear investment SFR in Gilbert. Loan application to funding in less than one week. Borrower using the funds to purchase another investment property.
- Refinance of duplex to longer term and lower interest rate for long term hold.
- Ground up construction deal in Florence, AZ
- Recently funded a $505,000 loan on a fix and flip. The borrower fixed up the house and it just sold for $797,999. Borrower’s private lender financing fell thru at the last minute and we stepped up immediately and funded the loan. He did a super job fixing up the property and sold it for a profit.
- “The team at Kenwood Mortgage helped me seize a discount on a time sensitive business opportunity. They brought the experience and resources to the table that made everything seamless. That allowed me to focus on what I do best, bringing high caliber insurance services to my community.” Mickey Clayton Mickey Clayton Insurance www.impactchurch.com
- $80,000 loan secured in first position on this brand new Marana home. With more than $130,000 cash down from the sale of another property, this A-credit borrower made our job easy. Within 24 hours of the first phone call, a Kenwood loan officer was on site and called in the approval to draft loan documents.
- $180,000 loan to a non-profit corporation whose business model is to acquire foreclosed homes and then re-patriate them back into the community for owner occupancy.
- $300,000 loan to complete this luxury home in Flagstaff. Even with great credit, a free and clear asset and more than half a million invested in the project to date, the bank still had heartburn over the broken priority. Within 24 hours of receiving a title commitment, Randy met the borrower, walked the property, reviewed project budget and quickly determined it had all the ingredients of a successful transaction. Before leaving the site, we gave the green light for Jessica to draft loan documents.
- $210,000 loan commitment issued the day of inspection for this north Phoenix home. Borrower got into a bidding war against other cash buyers and needed the certainty of a quick closing. Kenwood provided the reliability to keep all the parties at the table.
- $90,000 loan on this free and clear Maricopa investment property. Out of state owner needed cash out to acquire another investment property in his home state of Colorado. From loan application to funding, this loan closed in less than one week.
- Out of state buyer had been making multiple offers on various properties with each contract written “subject to financing”, only to lose every time to cash buyers. This time he tried a different tact by making the offer “subject to private financing by Kenwood Mortgage Investments”. 24 hours later he had an acceptance from the seller and 5 days later we closed.
- Short sale in the last three years precluded conventional financing. In less than one week from the initial phone call, Kenwood funded this loan with a fixed rate, 30 due in 5 term.
- The moment ink was put to the contract, higher full cash offers started pouring in on this well located North Phoenix home. The mortgage banker quickly realized his client could not risk the uncertainty of traditional financing and immediately called Kenwood. Within minutes of inspecting the property we provided our commitment and days later closed the loan using value added terms that greatly exceeded the cost of funds
- Loan to LLC. borrower purchased this North Phoenix property with all cash at the Trustee Sale, then turned to Kenwood to finance the rehab. Our no prepayment penalty loan and extended loan term gave him the opportunity to sell the property for a quick profit or hold for a longer term investment.
- Tenant improvement funds for historic and beautiful Balentine Building “On The Square” in downtown Prescott.
- This 700+ score borrower sat in escrow for 4 months while his broker looked for conventional financing, then he switched to a different broker who made his first call Kenwood. Loan approved on Monday and funded on Friday.
- Non-owner occupied in Yuma, Arizona. Free and clear, grade ‘A’ borrower. Cash utilized to pay off a partner and acquire another investment property.
- Meritage at Cortile in Goodyear, Arizona.
- Australian national buying two investment SFR’s from a local wholesaler. He was putting 50% down so naturally had our attention. Without an appraisal, we personally inspected the properties and determined he was paying below retail, drafted loan docs and closed in 48 hours. The borrower titled the properties in Arizona LLC’s, employed professional management and secured tenants before returning down under. This loan was a win-win for all parties.
- High quality free and clear real estate was just the collateral Kenwood needed to provide last minute funding to add this Lear-45 to an existing fleet. Even though Kenwood is exclusively a real estate lender, our borrowers enjoy the benefit of having no strings attached when the funds are being used for alternative business opportunities.
- First position cash out refinance loan on this golf course front $400,000+ investment SFR in PineTop, Arizona.
- Commercial Office/Industrial Warehouse Discounted purchase from local bank REO.
- 80% LTV craftsman style home in the heart of Phoenix, Arizona. High quality borrower with cash reserves for the fix-up renovations.
- Cash out refinance loan. Borrower owned free and clear. Used cash to keep buying bank REO’s at a discount.
- Inspected and approved in 24 hours.
- Refinance loan of a free and clear Office/Industrial condo in Scottsdale, Arizona. Approved immediately upon inspection.
- Canadian Borrower acquired this property from a fix & flip specialist.
- New building, free and clear. Loan call to loan docs…1-week.
- $135,000 loan on a recently constructed Queen Creek investment property. One of America’s “big five” banks decided on Tuesday to back out of a commitment it made to fund on Thursday. With serious earnest money at stake and no time to spare the mortgage banker called Kenwood. Within two hours of receiving the loan file we conducted our site inspection and called escrow for wiring instructions. Profit, reputations, relationships preserved.
- $825,000 construction loan where the builder requested cash out to invest in a new project and funds to complete. Spec home was sold early in the construction process and builder and buyer are very happy with the progress and quality of construction.
- Aaron Dutcher and Chris Long of LTD Realty & Longterm Development https://ltdaz.com called us to fund a construction loan to rehab a fire-damaged house they purchased. We walked the project, reviewed their construction budget and lien releases for work already performed and funded in three days. We are pleased they called us to fund the project and we are more pleased with the professionalism shown both in the quality construction and design of the final product. The end of the story is that the house is in escrow to be sold. GOOD JOB AARON AND CHRIS!
- $1,799,000 @6%
- Single family investment property purchase in Surprise. Borrower is a Canadian citizen living in Dubai. Kenwood rushed the loan docs to the U.S. Embassy Abu Dhabi to have the borrower’s signature witnessed by the Consular Associate just in time to meet the contract deadline. Over the years Kenwood Mortgage Investments has funded countless private money loans for foreign nationals including Canadians, Australians and New Zealanders. Loans are just as easily funded in the name of the borrowing individual(s) or to an Arizona limited liability company that is owned by the foreign national.
- Silverleaf construction loan for beautiful spec 7,000sf home to be built by GCW Builders.
- “I take pride in my established reputation of moving quickly and efficiently for clients who are competing in the Phoenix Metropolitan real estate market. Kenwood Mortgage Investments provided a 24 hour funding on a fix and flip when other lenders wanted a week or more. Success requires working with a lender who operates the way I do, Kenwood is that lender.” John Hall John Hall Real Estate www.johnhallrealty.net
- Kenwood is proud to play a role in seeing that an artist’s dream for his studio became a reality. Ron Head, famous sculptor and artist, crafted this WWI Doughboy which is currently on display (along with several more of his works) at Fountain Hills Veteran’s Memorial. If you wish to see more of Ron’s work, we encourage you check out his website: www.ronhead.net. Ron and Kenwood salute our veterans.
- Multi-million dollar cash out refinance on this free and clear industrial property in Phoenix. Working closely with the owner, property manager and tenant, Kenwood closed this loan one week to the day of receiving the borrower’s application.
- Out of state borrower, investment property, listed for sale, all cash out. Even though our borrower is A credit in every respect, these factors were serious obstacles for any conventional lender. Within 2 hours of receiving a short form loan application we had walked the property and issued our loan commitment. Loan documents were drafted the day the preliminary title report arrived. Cash proceeds were used for another investment opportunity.
- Short term bridge loan for Park Pineway, a large, busy shopping center in Show Low, Arizona.
- Ground up construction loan to build this luxury $2,900,000 home in Silverleaf. The principals at Kenwood Mortgage understand luxury residential construction, and the family owners of GCW Builders https://www.gcwbuilders.com have been constructing high quality custom homes for almost as long as we’ve been lending private money. Recently GCW called us for funds to begin their next project. Any bank would have made this loan, but they wanted to go vertical NOW using Kenwood’s funds rather than endure an intrusive and lengthy bank underwriting process. As with every Kenwood construction loan, the time value of money always exceeds the cost of funds.
- $300,000 @8% No Prepay Penalty
- The “Glass House” $2,216,000 Ground Up Construction Desert Mountain, Apache Peak This stunning custom design, showpiece home is the most recent in a long list of successful projects by this Arizona builder. He not only needed an Arizona hard money lender that understood the project, but one he could count on to provide flexible terms that allow him to build it “his way”. This home will sit at the top of the mountain with spectacular views and is set to be valued at more than $3,500,000 when complete.
- $500,000 cash out refinance, commercial property, listed for sale, loan to LLC financing package for quality borrower included unique commercial multi-use Class A property. Borrower was seeking short term transitional capital to meet his financing needs and carry the properties through their marketing period. Kenwood provided the hard money financing and from start to finish closed it in record time. This is a perfect example of Kenwood’s space in the hard money market and we’ve been doing it for more than 20 years.