Cetan Funds recently funded a fix and flip loan for the acquisition of a 1-acre residential parcel for a local developer. The developer plans to fix and flip the existing home and auxiliary dwelling. The rest of the lot will be partitioned into 5 separate lots for future development.

Loan Purpose

Fix & Flip Construction and Land Partition

Location

Eugene, Lane County

Loan Terms

$700,000 at 12% for 12 months