Borrowers

The point of investing is to earn a return, but when your investments are used to help people, the rewards go beyond financial. We recently had the opportunity to assist someone who was going through a hard time. Our borrower, we’ll call her Kathy, is a woman whose mother had been in poor health for

Enact Partners recently unveiled a brand-new product for residential subdivision construction projects: revolving construction loans. Normally, loans for large subdivisions are split into phases. The Fund’s recent 63-unit Merced project is a good example. We funded six separate loans to finance construction of about 10 homes each. The builder constructed 10 spec homes at a

Loan-to-Value (LTV) is a private lender’s most important metric when deciding if a loan is safe or not. What does it mean, why is it important, and what is Enact Partners’ philosophy? What Does LTV mean? Loan-to-Value is calculated by taking the loan amount divided by the collateral value. The result is a percentage that

Lending is a two-way street. Enact Partners “sells” money to borrowers, but it is not a typical sales transaction. A car salesman will push a car to anyone with a pulse and a credit score, and he doesn’t care what they do with the car after the papers are signed. In lending, we are very

Most lenders are afraid of land and construction loans, and for good reason. Risks include entitlement risk, cost overruns, schedule delays, mechanics liens, changes in market conditions, and lease-up/sales risk. However, with deep experience in development, construction, and construction lending, we understand the process and see it as an opportunity. How Does Enact Partners Mitigate