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the floor in the main living space, cosmetic updates throughout the home, possibly with a slight change to the outdated floorplan, and finishing the basement which could nearly double the square footage of the home.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