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leveling the floor in the main living space, cosmetic updates throughout the home, possibly with a slight change to the outdated floorplan, and finishing the basement which could nearly double the square footage of the home.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

Fix and Flip Loan

Location

Portland, Multnomah County, Oregon

Loan Terms

$322,500 at 12% interest only on funds outstanding for 6 months

Fix and flip loan in Portland, Oregon
Fix and flip loan in Portland, Oregon
Fix and flip loan in Portland, Oregon
Fix and flip loan in Portland, Oregon
Fix and flip loan in Portland, Oregon
Fix and flip loan in Portland, Oregon