$1,800,000 Ground-Up Custom Home

A bare lot at Talking Rock Ranch with a mountain view off the back, a set of plans for a custom home, and an Arizona developer who was going to run the job himself. He already owned the land, free and clear.

Talking Rock is not a place you build on a formula. It is a private, gated golf community about twenty-five minutes north of downtown Prescott, built around a championship course, on ground where a house gets looked at from every side. A build there wants stone, timber, deep overhangs, and a roofline that carries. That is a longer schedule and a bigger number than a production home, and it needs a lender who will read the plans instead of the checklist.

A bare mountain-view lot to a finished home.

Kenwood wrote it as one loan. $1,800,000, ground up, first position, structured under Fund Forward so the construction money moved ahead of the phase it paid for rather than reimbursing the builder after the fact. The land he already held counted: his dirt carried the equity, and his cash stayed in his business.

Six draws carried the whole job: site and foundation, shell and roof, veneer stone, interior rough, mechanical and drywall, then the full finish package of tile, cabinets, countertops, garage doors, and driveway.

The build ran the way it was drawn. Out of the ground in July. Framed and roofed by November. Stone, siding, and the entry columns through the winter, and by the following June the exterior was finished and the house read the way the plans intended.

The loan paid off ahead of maturity. One lender, one loan, from the dirt through the last draw.

Own your lot and have a set of plans? Get a funding answer, or call (480) 783-8800 and walk a principal through the build.