Fix and Flip Loans in Springfield, Oregon

Cetan Funds recently provided a fast funding fix and flip loan in Springfield, Oregon. This property was in disrepair. Our client is a repeat borrower and real estate broker with experience renovating homes and flipping houses. They needed a loan that could close quickly and assist in funding the purchase price. They needed a lender with flexible terms and down payment options, so that they could preserve capital for other potential projects as well.

Given our relationship with the client and experience on past projects, Cetan Funds was able to fund the purchase and give the borrower the flexibility to pay for repairs with cash. The loan closed and funded in 5 business days following the application, and the remodel is currently underway. Everyone is excited to watch this property’s transformation!

LOAN PURPOSE

Fix and Flip

LOCATION

Springfield, Oregon (Lane County)

LOAN TERMS

$190,000 at 11.0% interest only on funds drawn for 6 months

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.

LOAN PURPOSE

Fix and Flip

LOCATION

Springfield, Lane County, Oregon

LOAN TERMS

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

Cetan Funds recently funded a fix and flip in Springfield, OR. The loan funded the purchase price while the borrowers, who are experienced and repeat clients, funded the rehab. The major renovations were completed within the first 60 days. The property was sold for a significant profit just over 60 days later. This was Cetan’s 4th successful flip with these borrowers in the past year.

LOAN PURPOSE

Fix and Flip

LOCATION

Springfield, Lane County, Oregon

LOAN TERMS

$175,000 at 11.49% interest for 12 months