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 was a big success. Our borrowers helped beautify this Springfield neighborhood and turn this distressed house into a happy family’s new home.

Loan Purpose

Fix & Flip Rehab Loan

Location

Springfield, Lane County, Oregon

Loan Terms

$250,000 at 11.25% interest only on the outstanding balance for 6 months

Before

Fix and flip loan in Springfield, Oregon
Fix and flip loan in Springfield, Oregon
Fix and flip loan in Springfield, Oregon

After

Fix and flip loan in Springfield, Oregon
Fix and flip loan in Springfield, Oregon
Fix and flip loan in Springfield, Oregon