As private lenders, Enact Partners offers quick turnarounds on the funding solutions commercial real estate investors need to weigh opportunities and move swiftly and confidently in the market. After all, securing the right property at the right moment often makes or breaks a deal.
The Need for Speed
When acquiring property or deciding whether to refurbish it, real estate investors often face tight deadlines and competitive bidding from others. Traditional financing through banks and institutional lenders can be slow and cumbersome, involving lengthy approval processes and red tape. Such delays can result in investors missing out. Fast access to capital, on the other hand, ensures that real estate investors are able to act quickly when promising deals come their way.
Streamlined Process—Enact Partners streamlines the loan approval process, often providing funding within days or weeks. This kind of quick response lets investors know where they stand and, if qualified, provides them with access to the capital necessary to close deals and move decisively.
Flexibility—Being fast isn’t the only benefit of working with Enact Partners. We structure our loans to meet the needs of specific borrowers and projects. Funds can be used for various purposes, including property acquisition, renovation, horizontal improvements, and even refinancing.
Simplified Documentation—Traditional lenders often require extensive documentation with a primary focus on the borrower’s financial history and credit score. While Enact Partners performs thorough due diligence on all loans, our focus tends to be more on the value of the property, project potential, and the borrower’s reputation for completing projects successfully.
Rapid Funding in Action
Enact Partners moves and closes on loans with qualified borrowers typically within 7 to 45 days. To illustrate the impact such quick turnarounds can have in highly competitive situations, let’s consider the following real-world example:
Scenario—A seasoned real estate investor identified a lucrative opportunity to purchase commercial property in South Lake Tahoe. Strict building laws and a limited construction season in the area meant the deal needed to happen immediately if it was going to happen at all. The borrower’s bank required extensive documentation and financials and was unwilling to change its procedures to accommodate the situation. The result would be a prolonged approval process that would jeopardize the deal.
Solution—The investor turned to Enact Partners after searching online for private lenders who specialize in quick, efficient turnarounds. Given our streamlined process and focus on the property’s potential, we were able to fund the project on time to meet the borrower’s needs.
Outcome—Our new borrower was able to acquire the property and meet various seasonal deadlines to make the project financially viable.
Why Choose Enact Partners?
Expertise and Experience—With decades of collective experience in commercial private money lending, Enact Partners has the expertise to assess projects and approve funding for qualified borrowers quickly. Our deep understanding of the real estate market ensures that we can provide tailored solutions that meet the unique needs of our clients.
Asset-Based Lending—Unlike traditional lenders, we tend to focus on the value of the property and its potential rather than the borrower’s credit history alone. This asset-based approach allows us to make faster lending decisions and provide funding when other lenders might hesitate.
Personalized Service—The Enact Partners team works closely with borrowers to understand their goals and provide customized financing solutions that align with their investment strategies. Borrowers get to interact directly with our lending decision makers, not some nameless, faceless loan bureaucracy beholden to burdensome regulations, processes, and paperwork.
Track Record of Success
Our track record speaks for itself. Despite funding complicated projects that other lenders consider too risky, such as land, development, construction, and commercial ventures, Enact Partners has only foreclosed on two properties since our founding more than 10 years ago. This reflects positively on our meticulous due diligence and careful risk assessment when making lending decisions.
Our clients trust us to deliver reliable and efficient funding solutions that support their growth and success. So, whether you’re looking to acquire new property, refinance an existing one, or fund a renovation project, Enact Partners is here to help.
Contact Us About Your Borrowing or Investing Needs
(760) 516-7776 | [email protected] | www.enactpartners.com
