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Even with stringent procedures in place, private lenders can sometimes run into unforeseen challenges when funding projects. Unlike how banks often seem, Enact Partners actually wants to fund borrower projects. Borrower success is how we grow, which means we work hard and creatively to support borrower needs. When borrowers win, Enact Partners wins, and our investors win.
That said, not all projects or borrowers are created equal. To protect against “bad loans,” Enact Partners uses a thorough checklist of qualities we look for in borrowers, their projects, and the overall situation. This includes items such as appraisals, property inspections, background checks, credit reports, and anything else thought necessary to mitigate risk. Through meticulous due diligence, our goal is to ensure loan repayment, which typically depends on projects being successful and/or borrowers putting up enough collateral to mitigate risk.
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