LOCATION
Central Valley, CA
LOAN AMOUNT
$5,610,000
DESCRIPTION
91 Single-Family Homes
LOAN TYPE

About this Property

This residential subdivision of 91 finished lots featured two loans with an experienced builder. One was a land refinance and the other a vertical revolving construction loan that acts like a line of credit. The refinance loan pays off existing debt, while the vertical revolver loan pays down the land loan with each new unit that goes under construction. Homes are pre-sold to buyers. Once there is a contract on that home, borrower can request funds from Enact Partners to build the home. This allows the borrower to pay interest only on the funds being used to construct current homes and greatly reduces loan fees as there are no new fees for each phase of the project.

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Other Information

We truly enjoy working with Enact Partners. Chris and Mavis are very responsive and informative. The loan and draw processes are quick and straight forward.

– Jason M.