New Construction Financing in Prineville Oregon | Four-Unit Rental Project
Cetan Funds recently funded a new construction loan in Prineville, Oregon for a local builder adding three new housing units across two tax lots. The project consists of a 3-bedroom single-family home with a detached ADU, plus an additional detached ADU next door on a lot that already has a renovated single-family home.
 
Once complete, the two lots will provide four rental units, each with its own garage and modern design. The builder brings nearly 40 years of construction experience, having managed everything from remodels and additions to ground-up builds. Leveraging trusted subcontractors and a long-standing track record in Central Oregon, they are well-positioned to deliver high-quality homes.
 
The borrowers laid the groundwork by purchasing the property with cash, securing permits, and investing in pre-development costs before coming to Cetan Funds. We are financing 100% of the vertical construction, and the borrowers plan to refinance upon completion and hold the properties as long-term rentals, adding much-needed housing supply to the Prineville market.
 
Looking to finance your next real estate project? Cetan Funds offers tailored private money loans to help you move quickly and invest with confidence.
 

Loan Purpose

Residential Construction

At Cetan Funds, we provide flexible residential construction financing for projects just like this one in Prineville. Our short-term loans are built for real estate investors and builders who need speed, reliability, and a financing partner who understands the challenges of new construction.

Whether you’re building single-family homes, adding ADUs, or developing multi-unit rentals, our construction loans can typically cover most, if not all, of the costs to take your project vertical. We tailor terms to fit the project, with in-house valuations, underwriting, and funding decisions that keep timelines on track.

From experienced builders building to sell or expanding their portfolio by building to rent, to investors hiring a general contractor to help them build wealth through real estate development, we help clients move quickly with straightforward funding and transparent communication at every stage.

Have a residential project ready to go? Let’s build it together.

Location

Prineville, Crook County, Oregon

Loan Terms

$705,000 at 12.0% interest only on funds drawn for 12 months

New Construction Financing in Prineville Oregon | Four-Unit Rental Project
New Construction Financing in Prineville Oregon | Four-Unit Rental Project
New Construction Financing in Prineville Oregon | Four-Unit Rental Project
New Construction Financing in Prineville Oregon | Four-Unit Rental Project
New Construction Financing in Prineville Oregon | Four-Unit Rental Project
New Construction Financing in Prineville Oregon | Four-Unit Rental Project
New Construction Financing in Prineville Oregon | Four-Unit Rental Project

Starting a Project of your own?

When it comes to funding for your next project, we’re here to help.
Reach out to us today to learn more about how we can help you build wealth through real estate.