Cetan Funds recently funded a commercial refinance in Springfield, OR. This loan provided the owner some cash-out to fund renovations on another investment property and pay-off another debt. His company, which owns several buildings in the area, had sufficient rental cash flow to cover the debt payments. Cetan will provide a 3-year loan to give this investor time to fully stabilize his commercial properties in order to qualify for conventional permanent financing at a bank.
$310,000 at 10% interest for 36 months
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