About this Property in Yountville, CA – Land Acquisition Financing

Land Acquisition Financing for Mixed-Use Development

Overview

Enact Partners provided acquisition financing for a 0.25-acre vacant land parcel in Yountville, California, located within Napa County. The financing supported the acquisition of a strategically positioned development site planned for a future mixed-use project consisting of retail and residential components.

The borrower secured the purchase agreement in 2022, allowing time to advance the entitlement process prior to closing. At the time of financing, the project was in the final stages of approval, with permits expected within approximately 30 days. Upon approval, the site is expected to support an 8,000-square-foot mixed-use development featuring two retail spaces and five residential units.

Loan Structure

• Loan Amount: $1,320,000
• Loan Type: Acquisition Financing
• Term: 6 months
• Interest Reserve: Built into the loan structure
• Loan-to-Value: 50%
• Use of Funds: Acquisition of a vacant land parcel to position the borrower for future construction financing

The financing provided the borrower with a clear path toward completing entitlements and transitioning into the next phase of development.

Napa County Market Dynamics

Yountville is a highly constrained submarket within Napa Valley, where limited land availability and strict development regulations continue to create barriers to new supply. Entitled development sites remain scarce, particularly for mixed-use projects in prime locations.

The subject property benefits from its location in a high-demand area supported by tourism, affluent demographics, and an established retail and hospitality environment. With approvals nearing completion, the project is positioned to capitalize on both residential and retail demand in a supply-constrained market.

Sponsorship

The sponsor is a seasoned real estate professional with more than 40 years of experience in development and investment across Northern California markets. Their background includes extensive experience with retail and mixed-use projects, supporting execution throughout the entitlement and acquisition process.

Exit Strategy and Expected Outcome

The business plan includes completion of approvals followed by a construction refinance to fund vertical development. As the project advances into the construction phase, the site is expected to benefit from continued demand and long-term value creation within the Napa Valley market.