Kenwood Mortgage Investments

About Kenwood Mortgage Investments

Headquartered in Scottsdale, AZ, Kenwood Mortgage Investments is a private money lender providing loans throughout Arizona. They provide investment property loans, ground up construction loans, private commercial loans, and fix-and-flip loans. They issue loan amounts ranging from $50,000 to $25,000,000 with a maximum LTV of 80%, rates ranging between 10% and 12%, and terms up to 2 years. They will make loans on all the following property types: single family units, multi-family, apartments, offices, retail units, hotels and motels, storage buildings, senior facilities, mixed use spaces, raw land, churches, warehouse spaces, industrial buildings, and medical offices.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial, Medical

Areas Served: AZ

Licenses: MB # 13866, NMLS # 170223

Lending Guidelines for Kenwood Mortgage Investments

Below are the general loan guidelines published on the Kenwood Mortgage Investments website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Kenwood Mortgage Investments.

Loan Example 1

Marisol is a real estate investor in Phoenix, AZ. She finds an older property and decides to rehab it and sell it for a profit. The property has a cost of $180,000 but she doesn't have the full amount so she obtains a fix-and-flip loan with Kenwood Mortgage Investments. The lender agrees to issue a loan with a 85% loan-to-value (LTV) so they are willing to loan $153,000 on the property. The deal also has the following features: 1) a 6 month length, 2) a 11% interest-only note, and 3) a three point origination charge.

In accordance with the terms of the loan, Marisol will have to contribute a $4,590 origination fee plus 15% of the sales price, or $27,000, since there is a 85% LTV. After the deal is closed and Marisol takes on the property, she will have to begin making payments each month of $1,403 to the lender ($153,000 principle x 11% / 12 months). Marisol's plan is to complete the house within the 6 months and re-sell it for $270,000. If she succeeds she will earn a total profit of $76,995 ($270,000 price - $153,000 principle amount - $27,000 cash paid at closing - $4,590 origination points - $8,415 in total interest.

Loan Example 2

Latonya locates a property in Phoenix, AZ to rehab and re-sell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from Kenwood Mortgage Investments with the following parameters:

a) A $320,000 sales price, b) a 85% loan-to-value (LTV), c) a 12 month term, d) a 14% interest rate, and e) a 5% origination fee.

Based on a $464,000 sales price at the end of the 12 month term, the outcome for the project would look like the following:

$464,000 sales price
- $272,000 loan principle (85% LTV)
- $48,000 down payment (15% on 85% LTV)
- $13,600 origination points (5% of the $272,000 principle)
- $38,080 interest payments (12 months x 14% interest)
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= $92,320 total profit (does not include taxes or rehab costs)