BORROWERS

Private and hard money loans come in many variations, but most are short-term loans provided by an investor or group of investors when conventional financing is unattainable or undesirable.

Most private lenders and hard money lenders, like Cetan Funds, finance projects like fix and flip rehabs, rental properties, commercial bridge loans, land development, and many other unusual or unconventional properties and projects. A private or hard money loan can help real estate investors, developers, builders, and small businesses grow their portfolios and businesses faster than they could on their own.

Here at Cetan Funds, we empower people to build wealth through real estate.

Cetan Funds offers a pooled private equity fund of investments from accredited investors. This fund is called Cetan Income Fund and serves as the primary source of capital for the loans that Cetan Funds originates.

Rather than matching individual investors to individual loans, or borrowing capital from banks or Wall Street as many hard money lenders do, at Cetan Funds, we manage our own pooled fund. The investors own shares in the fund limited liability company and the principals of Cetan Funds manage the portfolio. All loans are serviced by Cetan Funds. To learn more about the advantages of this structure, please contact us.

We lend exclusively in Oregon because we know the market well and are committed to growing the state. We lend primarily in Western, Southern and Central Oregon.

While we are primarily a “collateral-based lender,” we do not solely look at the property/collateral. In our experience, who you lend to is just as important as what you lend on. 

We strive to build long-term relationships with our borrowers, and we cannot achieve that if we focus solely on their real estate. So, we also take into consideration character, capacity, capital, and other conditions. 

Weighing these important factors, which are often overlooked by other private and hard money lenders, helps us accurately measure risks for both our borrowers and our investors while allowing us to offer better all-around results for our clients.

Cetan Funds loans are customized to fit each specific scenario. Therefore, application and underwriting requirements can often vary depending on the situation. Typically, we require the following:

For Applications:

• Cetan Funds Business Loan Application (provided by your loan officer)
• Personal financial statements for all loan guarantors (form provided)
• Property/project description
• Summary of construction or investment experience (if applicable)

For Underwriting:

• 2 years of tax returns for all loan guarantors (or 3-6 months of bank statements in select situations)
• Project/property-specific documentation (such as purchase/sale agreements, lease agreements, business financials, etc.)
• Detailed rehab or construction plans and budgets (if applicable) 

Please contact us for more information on the application and underwriting requirements for your specific scenario. 

Unfortunately, no. Our borrowers cannot live in the residential properties we finance for them. 

The only exception is in very specific commercial loan scenarios. If you wish to get a loan on a property you would like to live in now, or in the future, please contact us so we can help you find a lender for that. We are happy to help.

Construction draws are typically disbursed for work completed, materials purchased, or subcontractor invoices ready to be paid. Borrowers work directly with their loan officer, their main point of contact from start to finish on the project, to submit draw requests up to twice per month. 

We do not charge fees for construction draws. Draw requests include a breakdown of the items awaiting reimbursement or payment, evidence showing the completed work or materials on site, and copies of subcontractor invoices or receipts over $2,500-5,000. Draws are typically processed in 24-48 hours.