Cetan Funds recently funded a cash-out refinance for the rehab of a four-plex 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.
$263,000 at 11.99% interest for 12 months
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