About this Property in Ontario, OR

Initially, a local bank had agreed to finance this project, but rescinded after being purchased by a larger bank that does not lend on residential construction projects. This left the borrower unable to begin vertical construction after all horizontal construction (streets, curbs, gutters, utilities, etc.) was complete. Enact Partners was able finance a loan to build Phase 1 (four homes) of a multi-phase, 55+ community project consisting of 36 lots with 31 units planned.