Cetan Funds is proud to offer fix and flip loans in Portland, Oregon. Our loans have flexible terms, fast funding timelines, and can fund up to 90-95% of project costs and up to 75% loan-to-after-repair-value. We can work with both experienced and new investors. Appraisals are typically not required, and we can close as quickly as 3-5 business days. Financing for repairs, if needed, is funded on a credit line that can be drawn upon as work is completed. Interest is only charged on the funds drawn.
If you’re interested in fix and flip loans in Portland or if you have a project you would like to discuss, please contact us and we would be happy to see if a loan from Cetan Funds would be a good fit for you and your project.
Quick Fix and Flip Loan in Portland, Oregon
Cetan Funds recently funded a quick fix and flip loan in Portland, Oregon. This project was a simple renovation of an affordable single-family home. The property primarily just needed cosmetic updates, and the borrower was an experienced repeat client with Cetan. We were able to provide fast, flexible financing for most of the project. Upon completion of the remodel, the borrower has the option to reimburse their expenses and pull cash-out prior to the sale if needed. This is one of the many benefits of working with a flexible financial business partner like Cetan Funds when flipping homes. The property is now listed and we’re all excited for a quick sale at its affordable price.
Loan Purpose
Location
Portland, Multnomah County, Oregon
Loan Terms
$290,000 at 12.0% interest only on funds drawn for 6 months
Cetan Funds recently funded a fix and flip loan in Portland, Oregon for a couple of first-time investors. This project is a partnership between two long-time friends, one of which is a general contractor doing much of the work himself. The renovations will include leveling the floor in the main living space, cosmetic updates throughout the home, possibly with a slight change to the outdated floorplan, and finishing the basement which could nearly double the square footage of the home. They were able to secure this property for a good price, giving them room for a healthy profit once it’s rehabbed and sold.
LOAN PURPOSE
LOCATION
Portland, Multnomah County, Oregon
LOAN TERMS
$322,500 at 12% interest only on funds outstanding for 6 months
