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Everything you need to know about borrowing from 42 Solutions. Don’t see your question? Call Devon directly at 602-501-1174.
What types of loans do you offer?
Fix & flip, bridge, new construction (residential infill), and acquisition financing for Arizona real estate investors. Loan amounts from $100,000 to $2,500,000.
How much will you fund on my deal?
We fund up to 90% of the purchase price and up to 100% of rehab, with the total loan governed by a 70% loan-to-ARV ceiling. Here’s what makes us different: many lenders advertise “85% of the deal,” but that means you bring 15% down on the purchase an 15% of your rehab out of pocket — a lot of capital tied up on every project. We reward you for finding good deals instead: we fund straight up to 90% purchase and 100% rehab, capped only by what we believe the ARV supports at 70%. The better the deal, the more we fund. Exceptions apply, and every deal is structured around its own numbers and your profile.
What are your rates and fees?
12% interest, 1 point origination, a $995 processing fee, and a $500 doc prep fee. We state our pricing plainly and upfront — no hidden costs, no surprises at closing. You’ll always know exactly what your loan costs.
Why do you charge points and fees when some lenders advertise none?
Because we’re a different kind of lender. We lend our own capital, structure creatively around deals that don’t fit a rigid box, and work with you directly as a long-term partner — including showing up in person when it matters. Our pricing reflects a relationship and a level of flexibility that commodity lenders can’t offer. For serious operators, the certainty and the partnership are worth far more than the difference in fees.
How fast can you close?
As fast as 48 hours once your loan file is complete. Because we lend our own money, there's no committee and no broker chain — when we commit, the funds are there. The timeline depends on how quickly we get a complete file, but once we have what we need, we move fast.
What is your draw process?
Simple and quick. Submit your draw request with proof of the work completed — photos, invoices, receipts, or another form of proof of payment. As long as the request includes adequate documentation, we approve within 24 hours and send your draw funds. We keep it straightforward so your project keeps moving and you're never waiting on capital to keep building.
Do you check credit or require financials?
Yes — we do a soft credit pull and ask for recent bank statements, but not the way a bank does. The soft pull (which doesn’t hurt your score) and your liquidity picture simply help us understand the full deal and you as an operator. A lower credit score doesn’t automatically mean no — it may just mean we ask you to cross-collateralize another property or bring a bit more to the table. We look at the whole picture and structure around it. Common sense, not a rigid checklist.
What areas do you lend in?
We lend primarily in the Greater Phoenix market, where we have the deepest local expertise — but we fund deals across the entire state of Arizona. If you have a deal anywhere in AZ, reach out and see if we can fund it rather than assuming we can’t. We know this market, and in many cases we can value your deal in-house.
Who will I be working with?
You work directly with Devon Kennard — the principal who makes the decision and funds your deal — along with his dedicated back-office administration team that keeps your file moving. No call centers, no junior loan officers shuffling you around. You get the decision-maker and a team that supports you from application to closing.
What if my deal doesn’t fit a standard box?
That’s exactly when we go to work. We’re called 42 Solutions for a reason — when a deal doesn’t fit a rigid template, we look closer and structure around your real-world scenario. If you’ve got a deal that other lenders passed on, call us.
Can you fund a borrower with a lower credit score?
Often, yes. A lower score doesn’t automatically disqualify you. We may ask you to cross-collateralize another property with equity, or bring a bit more to the table — but we look at the whole picture, not just a number. Strong deals and solid operators have options with us.
What if I don’t have enough for the down payment?
If you have another asset with equity, we can often cross-collateralize it — including in a second position, as long as there’s equity in the property — to help you get the deal done. We structure around your full financial picture, not just the cash in your account on day one.
Do you lend to first-time borrowers?
Yes. Everyone starts somewhere, and we work with newer investors. On a first deal we may require a higher down payment until you’ve shown you can execute — then terms can improve as we build a track record together. We’re looking for long-term partners, not one-and-done transactions.
Do you offer second positions or creative structures?
On a case-by-case basis, yes. For the right borrower and the right deal, we can structure cross-collateral, second positions where there’s equity, and other custom solutions. This is exactly the kind of flexibility a balance-sheet lender like us can offer that rigid, commodity lenders can’t. Call us to talk through your specific situation.
Is there a prepayment penalty?
No prepayment penalty. Pay off early with no extra cost. Extensions are also available when a project needs a little more time.