LOCATION
Banning, CA
LOAN AMOUNT
$892,000
DESCRIPTION
Special Use, Residential
LOAN TYPE

About this Property

Enact Partners provided a refinance loan of $892,000 on a modern, secluded residential property with a special use consisting of more than 6,000 square feet of luxury on more than 32 acres of land adjacent to the San Jacinto mountains. The residence is an inpatient rehabilitation facility run by a successful operator with multiple locations across the country. Built in 2008, the property consists of five bedrooms and seven bathrooms arranged in an open floor plan featuring private suites, a pool, and spa. Loan proceeds were used to pay off unsecured lenders and for borrowers to quickly recapitalize their equity investment.

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Other Information

Michael Schumacher and the entire team at Enact Partners are a pleasure to work with. From start to finish, the process was efficient and the turnaround times were extremely quick. We will continue to utilize the team on Enact in all of our future deals.

– Mike B.