About this Property in Oakland, CA

A seasoned real estate investor came to Enact Partners seeking a short-term bridge loan on a multifamily property made up of four individual cottages on one parcel. They had subdivided the property into four parcels and listed them for sale. The borrower ran into problems when the lender would not approve partial releases for the sale of individual units, so we stepped in for a rapid closing. This allowed our borrower to begin selling the units and cash-in on the investment within 13 days of the initial request.