LOCATION
Seattle, WA
LOAN AMOUNT
$2,400,000
DESCRIPTION
Construction of Corporate Retreat Center
LOAN TYPE

About this Property

Enact Partners provided financing to construct a 24-room hotel and event space in a secluded 20+ acre wooded area outside of Seattle, WA. The property will be rented out for corporate retreats. With the large number of employees working remotely part or full time, the need for them to connect is growing. The property will include a commercial kitchen, cafeteria, indoor and outdoor meeting spaces, and a manager’s quarters. An onsite chef will prepare meals using local, organic foods. The borrower is a former executive and first-time developer. The borrower recruited their architect brother to design the building, hired an experienced local general contractor to perform value engineering and construction, and will work with well-known hospitality group to market and manage the hotel.

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Other Information

Everyone at Enact Partners has been a joy to work with. They are clear about the lending process and responsive to my many, and sometimes repetitive, questions. What I appreciate the most is that I truly feel they are shoulder-to-shoulder with me to make my business a success. Partnership isn’t a contractual word at Enact, it is a way of being.

– -Ann B.