Cetan Funds recently funded an investment property rehab loan in Oakland, OR. This property included a single-family home and a duplex on one taxlot. The property was purchased by our client right after the previous tenants vacated. All 3 units needed repairs and updates, and the entire property needed an upgraded drainage system. Cetan Funds provided the residential rehab loan this investor needed to get the project done and property rented quickly. The loan will help him swiftly pay for all necessary repairs and get tenants back in there at current market rates. The investor will have positive cash flow and a solid long-term investment that they will refinance into a permanent loan with a local credit union.
$245,000 at 11.5% interest only on funds drawn for 12 months