Kenwood Mortgage Investments


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Phone: (480) 783-8800

Address: 7950 E Redfield Rd, Ste 110, Scottsdale, Arizona, AZ 85260

Websitehttp://kenwoodmortgage.com/

Email: loans@kenwoodmortgage.com

States They Lend In: Arizona

 

 

We fund loan amounts of $50,000 to $25,000,000 usually within 24-48 hours of receiving a preliminary title report and are regarded by the industry as a lower rate/longer term alternative to typical terms offered by our competitors. Kenwood makes loans on the following property types:

  •  Construction (flexible draw schedules and fast inspection turnarounds)
  • Single Family
  • Multi Family
  • Industrial
  • Retail
  • Land
  • Specialty Properties

 

Private/Hard Money Loan Programs

Applying for a non-bank Private Money / Hard Money loan with Kenwood Mortgage is easy. Because we only make loans on investment real estate using private funds, you avoid the seemingly endless and intrusive underwriting process that banks and conventional lenders put their borrowers through. Once you email or fax us your signed short form application, a preliminary indication of interest is just moments away.

 

Interest Rates

Kenwood Interest rates are typically higher than conventional commercial or residential property loans and generally range from 8% to 12%. There is two basic reasons for this: 1) funds for our hard money Arizona loans are sourced from private individuals or investment groups looking for higher returns than are typically offered by banks and other traditional institutions, hence the rates charged are going to be higher than those charged by those institutions. 2) Arizona Hard Money lenders work very quickly, usually closing loans inside of one week from the first phone call or application. This means their capital has to be ready and available at a moments notice. Opportunity cost for the investor are high as they have to keep a fair amount of capital on hand and unemployed, earning very little interest as they stand ready to fund your loan.

 

Residential Loans

 

Kenwood Mortgage, private money lender in Arizona, has been funding residential hard money loans for owners of investment real estate since it began operations back in 1992. Our terms are flexible and we can offer creative solutions so long as the use of funds is for business purpose. Some examples of Hard Money residential loans we fund include:

  • INVESTMENT RENTALS
  • 1-4 FAMILY
  • SINGLE FAMILY RESIDENCE
  • LISTED FOR SALE
  • FIX AND FLIP
  • FIX AND HOLD
  • REHABILITATION LOANS
  • CONDOMINIUMS
  • SHORT SALE FINANCING
  • SECOND HOMES

 

Commercial Loans

Kenwood Mortgage, Arizona private money lender, has been assisting commercial real estate professionals and their clients secure fast, reliable hard money for their time sensitive projects for nearly 20 years. In every case, we are faster than a bank and cheaper than a partner. Some examples of commercial hard money loans we fund are:

  • COMMERCIAL REFINANCE
  • COMMERCIAL ACQUISITION
  • APARTMENT FINANCING
  • MULTI-FAMILY
  • INDUSTRIAL PROPERTY
  • OFFICE & OFFICE CONDO
  • 1031 EXCHANGE FINANCING
  • DEBTOR IN POSSESSION
  • LAND DEVELOPMENT
  • RETAIL

 

Construction Loans:

Kenwood Mortgage offers private financing for construction projects. Many of our borrowers will tell you it was our closing speed that got them out of the ground and going vertical in less time than it took a conventional lender to say “maybe”.

Have you started construction before your financing is secured? If so, we are comfortable with broken lien priority funding and have the experience to work with the title agencies to get the job done. Some examples of the hard money construction loans we fund are:

• UNFINISHED CONSTRUCTION
• BROKEN PRIORITY LOANS
• SINGLE FAMILY CONST
• LUXURY SFR CONSTRUCTION
• LOT DEVELOPMENT

 

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