Cetan Funds recently financed the purchase and renovation of a boutique hotel in Lincoln City, Oregon. The borrowers, who are experienced hotel operators, will renovate the property to make it a unique destination for visitors on the Oregon Coast. Cetan will also be working throughout the project to help line-up an SBA loan for their permanent financing.

Loan Purpose

Commercial Construction

Location

Lincoln City, Lincoln County

Loan Terms

$1,790,000 at 10.99% interest for 18 months