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.

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%
Loan Terms
6 months to 36 months
Origination Fees
1.0% to 3.5%
Lien Position
1st
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

Maximum Leverage

Purchase Short-Term (no Value-Add):
Max LTP Residential: 75%
Max LTP Multifamily: 75%
Max LTP Commercial: 75%
Max LTP Land: 50%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 75%
Max LTV 1st Lien Multifamily: 75%
Max LTV 1st Lien Commercial: 75%
Max LTV 1st Lien Land: 50%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 75%
Max LTV 1st Lien Multifamily: 75%
Max LTV 1st Lien Commercial: 75%
Max LTV 1st Lien Land: 50%
Residential Fix & Flip
Max LTP: 75%
Max LTC: 90%
Max LTARV: 75%
Residential Rehab & Hold
Max LTP: 75%
Max LTC: 90%
Max LTARV: 75%
Multifamily Value-Add
Max LTP: 75%
Max LTC: 90%
Max LTARV: 75%
Commercial Value-Add
Max LTP: 75%
Max LTC: 90%
Max LTARV: 75%
Residential Construction
Max LTP Land: 50%
Max LTC: 90%
Max LTCV: 75%
Multifamily Construction
Max LTP Land: 50%
Max LTC: 90%
Max LTCV: 75%
Commercial Construction
Max LTP Land: 50%
Max LTC: 90%
Max LTCV: 75%

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Agricultural
  • Assisted Living Facility
  • Auto Dealership
  • Auto Repair
  • Bed and Breakfast
  • Car Wash
  • Child Day Care
  • Cinema
  • Club
  • Commercial Condominium
  • Commercial Land
  • Community Center
  • Condominium
  • Cooperative
  • Covered Land
  • Equestrian
  • Event Center
  • Gas Station
  • Golf Course
  • Gym
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Manufactured Home
  • Marina
  • Mixed-Use
  • Mobile Home
  • Mobile Home Park
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Lot
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Recreational
  • Rehabilitation Facility
  • Residential Land
  • Retail
  • School
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Theater
  • Timberland
  • Vehicle Parking
  • Winery

Loan Types

  • Commercial Bridge
  • Commercial Property Value Add
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction

Specialty Loan Types

  • Bankruptcy Resolution
  • Condo Conversion
  • Foreclosure Bailout
  • Land Development
  • Luxury Homes
  • Note Purchase
  • Partner Buyout
  • Residential Long-Term Rental
  • Residential Non-Prime
  • Reverse 1031 Exchange
  • Subdivisions
  • Vacation Rental

Agribusiness Types

  • Cattle Ranch
  • Citrus Grove
  • Corn
  • Cotton
  • Dairy
  • Equestrian
  • Melons
  • Peach
  • Peanuts
  • Potatoes
  • Poultry
  • Row Crops
  • Swine
  • Tree Nuts
  • Vegetables

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land
  • Hospitality Land
  • Agricultural Land
  • Special Purpose Land
  • Covered Land

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

50%

Max LTC for Land Acquisition

50%

Max Loan-to-Purchase Price

75%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Seller Financing

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

3

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

90%

Typical Number of Days for Funds Draw

5

Maximum After Repair Value

75.00%
We also provide a separate product for phased residential construction; Construction Revolver.

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

Max LTC for Ground-Up Construction Costs

0%

Will Lend on Partially Completed Construction Projects

no

Site Visit Fee

Actual cost to conduct site visit

Legal Fee

Actual cost

Escrow Fee

Actual costs

Title Fee

Actual costs

Credit Report Fee

$75

Exit Fee

As applicable

Appraisal Fee

Actual cost

Fees which are mandatory for all new borrower clients

  • Deposit
  • Processing Fee
  • Credit Report Fee
  • Renovation or Construction Funds Draw Fee

Fees which are paid to a third party company

  • Due Diligence Fee
  • Legal Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee
  • Environmental Report Fee

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Interest Reserve
Pre Payment Penalty

yes

4 month's minimum interest
Will lend to a foreign national

yes

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

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
Documentation Required
  • Credit Report
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
Credit Check Required

yes

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

Enact Partners Testimonials

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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.

Company Size (Number of Employees)

6

Year Established

2009

Associations

  • California Mortgage Association
  • American Association of Private Lenders
  • San Diego County Farm Bureau

Office Locations

Enact Partners
5927 Priestly Drive, Suite 206, Carlsbad, California 92008

Primary Capital Source
  • Debt Fund We Manage
  • Individual Investors
  • Family Offices
  • Other Private Lending Companies
  • Bank Credit Line
  • Friends & Family
  • Asset Management Companies
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • Table Funding with Capital Partner
  • LLC Syndicated Investors
  • Multiple Lender Participation
Percentage of Loans Secured by Commercial Property

45%

Total Number of Loans Funded to Date

77

Total Loan Volume Funded to Date

$180,000,000

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

Get In Touch

Enact Partners pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$250,000

What We Do

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

Not Available

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

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