Cetan Funds recently funded a bridge loan for the acquisition and repositioning of a boutique hotel in Astoria, Oregon. The property is a 39-room hillside retreat with sweeping views of the Columbia River, direct access to the Astoria Riverwalk Trail, and ample outdoor space for amenities and events.
The borrowers are experienced real estate and hospitality operators with a clear vision: to transform the underperforming, outdated hotel into a wellness-focused resort. Their plan includes fully updated rooms and common areas, enhanced food and beverage offerings, and new spa and wellness programming. Outdoor areas will be activated with jacuzzis, saunas, and other guest-oriented features designed to create an elevated coastal retreat.
Our loan structure provided fast, flexible capital to close on the purchase and fund the planned renovations. By moving quickly, the sponsors were able to secure a high-barrier-to-entry property in a prime location with strong demand drivers from both leisure and group travel.
With professional design, refreshed operations, and expanded amenities, this Astoria property is positioned to become a unique destination for weddings, wellness getaways, and Pacific Northwest tourism. We’re excited to see this transformation unfold and proud to provide the financing that makes it possible.
Looking to finance your next real estate project? Cetan Funds offers tailored bridge loans to help you move quickly and scale with confidence.
Loan Purpose
At Cetan Funds, we specialize in financing commercial bridge projects like this boutique hotel in Astoria. Our short-term loans are built for real estate investors and operators who need speed, flexibility, and a financing partner who understands the value of execution.
Whether you’re acquiring a property to reposition, completing a major renovation, or stabilizing operations ahead of long-term financing, our bridge loans are designed to support complex opportunities. We fund both the purchase and improvement costs, with tailored terms and all decisions made in-house.
From seasoned developers scaling portfolios to entrepreneurs launching new ventures, we help clients stay competitive with fast closings, straightforward funding, and transparent communication every step of the way.
Got your next commercial project lined up? Let’s make it happen.
Location
Astoria, Clatsop County, Oregon
Loan Terms
$4,656,750 at 11.5% interest only on funds drawn for 24 months, plus additional 24-month extension available
