Cetan Funds recently funded a cash-out forestland refinance on over 750 acres near Creswell, Oregon. The borrower will be using the loan to purchase equipment for business operations and fund infrastructure improvements to one of the parcels. Eventually the land may be divided into smaller parcels and sold as valuable timberland with the potential for home sites. Cetan was able to provide the refinance the borrower needed quickly and efficiently so business operations were not delayed.
Loan Purpose
Land Acquisition and Development
Location
Loan Terms
$275,000 at 9.99% interest for 24 months
