LOCATION
San Jose, CA
LOAN AMOUNT
$2,500,000
DESCRIPTION
Pre-development financing for a 20-unit condominium project in San Jose, CA.
LOAN TYPE

About this Property in San Jose, CA – Pre-Development Financing

Enact Partners provided a pre-development loan to a repeat borrower for a 20-unit, for-sale condominium project in San Jose, California. After successfully completing rezoning and discretionary approvals, the borrower leveraged the equity in the property to fund the remaining costs required to obtain building permits and advance the project toward construction.

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