Cetan Funds recently funded a cash-out refinance for a four-plex rehab in Monroe, Oregon. The borrower had equity in this investment property and hired contractors to do cosmetic repairs and updates to all 4 units when they became vacant. Work was completed in a few short months, the property was fully rented shortly thereafter, and then the property owner sold the property to fulfill his goal of completing a 1031 exchange into an investment in California.
Loan Purpose
Location
Loan Terms
$263,000 at 11.99% interest for 12 months
