Cetan Funds recently funded a fix and flip loan in Springfield, Oregon. This was the fourth flip for these borrowers. The property was in poor condition and needed plenty of TLC, although most of the work needed was cosmetic. They purchased the property in March 2022. They quickly had the home remodeled including a new kitchen, renovated bathroom, new flooring, paint, doors, trim and landscaping. In July, two weeks after listing the property for sale it went pending and less than a month later the sale closed. This fix and flip loan in Springfield was a big success for our clients. Our borrowers helped beautify this neighborhood and turn this distressed house into a happy family’s new home.
$250,000 at 11.25% interest only on the outstanding balance for 6 months
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