About this Property in Palm Springs, CA

The Enact Team partnered with another reliable private lender (Innovative Capital) to close a loan dedicated to the full renovation of a hotel located in the picturesque Palm Springs, California. This project is set to transform the property into a state-of-the-art inpatient rehabilitation facility, addressing the growing need for recovery services. Together, with Innovative Capital, we are excited to bring this vision to life, enhancing the support network for individuals seeking recovery in Palm Springs while preserving the character of this beloved locale. The borrowers are a well-structured company with a solid history and robust financials, boasting a proven track record in rehabilitation services. Despite their strong credentials, the unique challenges posed by the hospitality sector and ongoing construction made it difficult to secure traditional financing. Recognizing the potential of this project, we partnered with another lender to facilitate the necessary funding, ensuring a smooth path forward. Nestled in the heart of the Coachella Valley, Palm Springs is renowned for its stunning desert landscape, vibrant culture, and year-round sunny weather. The location offers breathtaking views of the San Jacinto Mountains and is a popular destination known for its luxurious resorts, wellness retreats, and outdoor activities. This transformation not only addresses the urgent need for rehabilitation services in the region but also revitalizes a historical property in a community celebrated for its beauty and charm. Enact Partners participated in the loan 50/50 with a lending partner (Innovative Capital).