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Summit Financial & Investment Group, LLC
President of Summit Financial and Investment Group, LLC and a member of the Mortgage Bankers Association, J. Kim Powell can finance virtually any type of venture. After studying business, economics, and chemistry at the University of Utah, J. Kim Powell began his long and distinguished career as an investment banker and direct lender. At Summit Financial and Investment Group, LLC, J. Kim Powell has provided equity and debt solutions for an astounding variety of projects, from light industrial, commercial, and office developments, to churches, research and development facilities, bed and breakfasts, golf courses, resort hotels, and amusement parks. Furthermore, J. Kim Powell has financed projects for clients across the United States, as well as in Canada, Jamaica, the United Kingdom, New Zealand, and Mexico. In addition to this breadth of experience, J. Kim Powell also provides financial solutions for difficult situations. Through Summit Financial and Investment Group, J. Kim Powell offers qualifying debtor-in-possession clients financing, second mortgages, permanent loans, special-purpose property financing, and hard money loans. Through his wide-reaching experience as a direct lender, J. Kim Powell has helped his clients find creative and effective financing solutions customized to their particular situations.
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Broker Testimonials for Summit Financial and Investment Group and J. Kim Powell
April, 2011
A broker with more than 20 years of experience handling commercial loans openly admits that, while no lender has proven perfect, Summit Financial remains among the best private lenders in the country. In support of this claim, the broker states that the Summit Financial team communicates easily and regularly, and boasts a great track record of closing loan requests.
Another broker in Southern California writes that he has completed three deals with Summit Financial, the most recent of which closed this past January. To issue the loan, which totaled more than $12 million, Summit Financial required the borrower to clearly demonstrate intentions, relevant past experience, and necessary knowledge. The challenging deal took three months to complete, but Summit Financial closed the transaction and fairly compensated the broker for the time involved.
A New York City-based broker praises Summit Financial for the firm’s thoroughness. He reports that the borrower became annoyed with the quantity of questions the lender asked, but the broker understands this step serves as an important part of the lending process. The broker completed his last deal with Summit Financial in October 2010 and plans to approach the lender again, citing a distinctive, comprehensive approach. He counts Summit Financial among the best lenders with which he has worked.
Another testimonial comes from a broker in Atlanta whose deal Summit Financial never closed. The lender issued a letter of intent and asked for a conference call with the broker and the borrower. After discussing several issues with the borrower, Summit Financial decided not to complete the deal. When the borrower became desperate and began offering large sums of money, the lender still walked away from the deal with a polite attitude. The broker expresses admiration for Summit Financial’s willingness to leave easy money and recounts that several other lenders would have likely taken the commitment fee. Overall, he has great trust in the lender and the procedures the firm employs.
Manager and principal J. Kim Powell studied at the University of Utah and has served as Summit Financial and Investment Group since 1976. J. Kim Powell and his firm assist borrowers with funding construction projects in the United States and elsewhere in the world.
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