Alton, TX
Horizontal Construction on 4-Plex Lots

About this Property in Alton, TX

Enact Partners provided funding for this loan so that a seasoned contractor/developer could make horizontal improvements to 9+ acres of vacant land in Alton, TX. The borrower secured the land under contract, entitled the land for residential multifamily lots, and purchased it with cash. The developer’s estimated horizontal budget was about $1,500,000 and borrower expects to sell the improved lots to smaller builders. The land is shovel‐ready for 30 lots (duplex and 4-plex) and the borrower has Purchase and Sale Agreements for 28 of the lots.


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I recently had the pleasure of working with Enact Partners and I couldn’t be happier with the experience. From the start, what stood out to me was their exceptional creativity and unique approach to problem-solving. The team was always responsive and provided a high level of personal attention throughout the entire process, making sure that every detail was taken care of. I was also impressed by their transparency and efficiency in the closing process. Overall, I highly recommend Enact Partners to anyone looking for a truly outstanding financial partner in our industry.

– Zachary H.