About this Property in Baltimore, MD

Enact Partners recently closed an $825,000 acquisition loan secured by three contiguous parking lot parcels in Baltimore, Maryland. The purchase was made through a foreclosure sale involving a property previously held in bankruptcy. While the borrower was not tied to the bankruptcy itself, the transaction required coordination with the court-appointed trustee and careful management of title-related complexities, including unresolved liens at the time of underwriting. The borrower, a seasoned real estate investor with deep ties to the community, is pursuing a long-term redevelopment vision for the surrounding area. The acquired sites are part of a broader assemblage effort aimed at transforming this corridor through vertical construction and strategic land use. Though the current income is limited to short-term parking tenants, the location holds meaningful potential in a growing neighborhood. The borrower’s diverse portfolio, operational experience, and strong community involvement were key factors in structuring the loan. Enact Partners provided a flexible short-term structure that gave the borrower control of the asset while allowing time to advance entitlements and consolidate ownership across nearby parcels. This financing is a strong example of how a well-structured bridge loan can support early-stage redevelopment efforts—especially in urban environments with legal or title complexity.