Cetan Funds recently funded a cash-out refinance on a farm near Eugene, Oregon. The borrower was carrying a private note from the original sellers of the property for several years and this loan was coming due. Additionally, he had other business debts that needed to be consolidated. With the unusual nature of this farm property and its past use to grow cannabis plants, traditional lenders were not interested in helping the current owner refinance. Cetan Funds helped this business owner by providing a cash-out refinance, consolidating his debt obligations and giving him an additional two years to either qualify for bank financing or sell the property.
$200,000 at 11.00% interest for 24 months