Cetan Funds recently funded a private money rehab loan for a vacation rental property in Welches, Oregon, just outside Mt. Hood. Welches is a well-known year-round destination, and the property’s size and location made it a strong candidate for a value-add short-term rental.
The borrowers purchased a home that needed both layout and cosmetic improvements. Their plan is to reconfigure the interior to increase the bedroom count, allowing the home to better accommodate larger groups, while also updating the kitchen, bathrooms, flooring, paint, and windows. All of the work stays within the existing footprint, keeping the project efficient and focused.
Once renovations are complete, the property will be operated as a short-term rental and held long term. The strategy is to improve the property, build equity through the rehab, and then refinance into a long-term loan after the rental is stabilized.
This was a good fit for private money. The timeline, renovation scope, and short-term rental use required flexibility and a lender willing to look beyond a standard loan structure. We worked closely with the borrowers to support the plan and keep the project moving.
Have a vacation rental or fix-and-hold project coming up? Cetan Funds provides flexible private money loans for rehab and short-term rental projects across Oregon and SW Washington.
At Cetan Funds, we provide flexible residential rehab financing for value-add projects like this short-term rental renovation in Welches. Our rehab loans are built for investors who need a lender that understands renovation scope, timelines, and the realities of executing a rehab while keeping an eye on the long-term hold.
Whether you are upgrading a vacation rental, repositioning a single-family home for long-term rental, or taking on a larger interior remodel to improve layout and usability, our loans can fund the purchase, the rehab, or both. We focus on speed, clear communication, and practical underwriting so projects can move forward without unnecessary friction.
We work with investors holding properties as rentals, refinancing after stabilization, or selling once renovations are complete. Our draw process is handled in-house and designed to be straightforward and responsive, especially for hands-on rehab projects.
Have a residential rehab or short-term rental project in mind? Let’s talk.
Location
Welches, Clackamas County, Oregon
Loan Terms
$668,000 at 12.0% interest only on funds drawn for 12 months
