Enact Partners

Terms & qualification

Typical loan size

$250K – $6M

Typical term

6 mo – 36 mo

Interest rate

7.9% – 11.99%

Origination / points

1.0% to 3.5%

Lien position

1st

Prepayment penalty

4 month's minimum interest

Payment structure

Interest Only

Recourse

Sometimes

Closing speed

14 days typical · 3 days fastest

Prepayment structure

Minimum interest

Cross-collateral

Yes

Equity / JV capital

No

Income documentation

Credit Report, Financial Statements, Loan Application

Borrower entity

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

Property types

Lending footprint

Not reported.