Cetan Funds recently funded a duplex construction loan in Springfield, Oregon for a local real estate investment company. The investors plan to have the duplex built and rented within 6-8 months and will quickly seek more permanent financing upon completion. Cetan Funds offered these investors who elected to self-contract as the general contractors on the build the benefits of a very quick and streamlined underwriting and closing process, as well as a simple construction draw process without all the restrictions and documentation requirements of traditional construction financing from a bank. Fast, streamlined financing allows these investors to focus on getting their new investment property built and cash-flowing quickly, and move on to the next big project. 

Loan Purpose

Residential Construction Loan

Location

Springfield, Lane County, Oregon

Loan Terms

$340,000 at 11.00% interest only on funds outstanding for 12 months

Duplex construction in Springfield Oregon
Duplex construction in Springfield Oregon

Starting a Project of your own?

When it comes to funding for your next project, we’re here to help.
Reach out to us today to learn more about how we can help you build wealth through real estate.