Our borrower approached Enact Partners with a vision to create a stunning multi-family building in the highly-sought after Point Loma neighborhood of San Diego, CA. The existing single-family home on the 5,000 square foot parcel was dated and needed to be demolished. With a $2,200,000 construction loan secured, four (4) modern units were constructed. Each unit spans approximately 2,000 square feet and features a two-bedroom layout, two and a quarter baths, garages, decks, and various other amenities. The borrower, who is a local San Diego resident, possesses extensive experience in residential building projects across the county.
- Property Type : Land Entitled
- Loan Type : Construction Loan
- State : Texas
- City : Alton
- Funded Amount : $1,500,000