Enact Partners

Enact Partners, based in Carlsbad, California, is a private lender specializing in business purpose, asset-based loans. They provide financing for diverse real estate projects across the Western United States, with loan amounts ranging from $250,000 to $6,000,000 and terms from six to thirty-six months.

We work with builders and developers, real estate investors, entrepreneurs and business/property owners to provide the private debt financing. Our loans are primarily business purpose, asset-based loans.

We have decades of experience developing office, industrial, retail, historic rehabilitation, adaptive reuse, environmental mitigation banks and residential development projects throughout the US. It’s this background that enables us to bring creative financing solutions to a wide range of complex real estate
projects.

Common Loan Scenarios

Land and Agricultural Properties
Vertical Construction
Horizontal Land Development
Specialty Commercial Real Estate
Business-Purpose Acquisition/Refi/Cash out

Scenarios Not Considered

NO 100% Financing
NO Owner-Occupied Homes
No Cannibus-Use Properties

Details and Requirements

Property Geographic Area Details

Western States: AZ, CA, CO, ID, MT, NV, NM, OR, TX, UT, WA, WY

Loan Amounts

$250,000 to $6,000,000

Interest Rates

7.9% to 11.99%

Origination Fees

1.0% to 3.5%

Loan Terms

6 to 36 months

Lien Position

1st

Credit Check Required

yes

Prepayment Penalty

yes

Prepayment Penalty Details

4 month's minimum interest

Typical Closing Time (Days)

Fastest Closing Time (Days)

Payment Structure

Interest Only
Interest Reserve

Personal Guaranty (Recourse) Required

Sometimes

Borrower Entity Types Considered

Individual(s)
LLC
Limited Partnership
Trust
Corporation
Non-Profit Corporation

Documentation Required

Credit Report
Financial Statements
Loan Application

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Equity Joint Venture

Collateral Types

Residential Property
Commercial Property
Commercial Property Ground Lease

Loan Purpose

Investment Acquisition
Investment Refinance
Improve Subject Property
Use Equity to Invest in Another Property
Invest in a Business
Business Working Capital
Value Add Project
Development Project

Property Occupancy

Vacant
Tenant Occupied 100%
Tenant Occupied Partial
Owner Occupied Commercial

Enact Partners’s Lending Activity

Data Provided By Elementix

12mo Loan Volume

$35,720,000

12mo Loan Count

Total Loan Volume

$153,068,208

Average Loan Size

$1,987,899

Loan Count by State (Past 12 Months)

CA: 9, TX: 2, WA: 1

Data provided by

| Disclaimer

Enact Partners is a private real estate lender based in Carlsbad, California. Through our Fund, EP Guardian Fund, we provide real estate investors, developers and builders the capital they need to advance their real estate objectives by providing financing not available from traditional banks.

Office Locations

Enact Partners

5927 Priestly Drive, Suite 206, Carlsbad, California 92008

Connect with Enact Partners:

Our Team

Michael Schumacher

President

DRE Broker - 01413846
CFL - 60DBO-82192

Lisa Wheland

Executive Assistant

Mavis Anguiano

Office Administrator

Chris Meinhardt

Senior Underwriter

Rob Seidenwurm

Legal Consultant

Jennifer Rout

Transaction Manager

Our minimum loan amount is $250,000

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