About this Property in South Lake Tahoe, CA

After being unable to secure a horizontal construction loan through their regular lender, the borrower found Enact Partners through Google and reached out to us directly. They needed quick financing due to construction restrictions in Lake Tahoe, which only allows building activities during a specific “build season” from May 1st to October 15th. The property, located in South Lake Tahoe, CA, consists of two adjacent parcels totaling 0.75 acres and is permit-ready for a 14-unit townhome development. Enact will exclusively provide financing for the horizontal construction phase. Once completed, the property will feature eight 3-bedroom, 3.5-bathroom units and six 4-bedroom, 3.5-bathroom units. Our loan will be refinanced with a vertical construction loan to complete the construction of the 14 units.