About this Property in Sacramento, CA

Enact Partners provided a $1,500,000 commercial bridge loan to this borrower to refinance existing debt, provide cash‐out to the borrower for reimbursement of Tenant Improvements funds spent to date, and to buyout a partner to secure full ownership of the entity. The borrower came to Enact after the current lender would only provide a renewal but no additional cash-out needed to take this investment to the next level. The property is a 3,700 square foot building, containing two separate restaurant units with a ground lease that has more than 40 years left on it. From receipt of signed term sheet to loan funding, Enact Partners was able to provide the funds the borrower needed in 15 calendar days.