Cetan Funds recently funded a fix and flip loan for a condo in Beaverton, Oregon. The property, built in 1977, was in good condition but required a cosmetic remodel. Our client was searching for their first flip opportunity and was able to secure the property for a great deal. The borrower plans to complete the renovations on a quick timeline of just 30-60 days. The project will include modernizing the kitchen and bathrooms, upgrading the flooring, and fresh paint, as well as some other minor updates throughout the home. After completion, the borrower will sell the property at market value and roll the profits into the next project.
We were able to get the loan approved and ready to close without any delays. This loan was structured to cover 80% of the total project costs, including renovation expenses. The demo has already been completed and the renovation is underway! We can’t wait to see how this quick flip turns out.
Loan Purpose
Cetan Funds offers tailored fix-and-flip loans for investors aiming to purchase, renovate, and resell properties for a profit. Our loans provide the capital needed to increase property value and maximize returns, with a streamlined process that helps investors move quickly from purchase to sale.
We cover up to 90% of total project costs, including renovations, with flexible 6- to 12-month terms and interest charged only on the outstanding balance. Whether it’s a distressed fixer-upper or a partially built construction project, we can finance properties in nearly any condition across Oregon and Southwest Washington. With Cetan Funds, you get the speed and flexibility needed to seize real estate opportunities and achieve your investment goals.
Location
Beaverton, Washington County, Oregon
Loan Terms
$265,000 at 12.0% interest only on funds drawn for 6 months
