Cetan Funds recently funded a land development loan for an exciting project in a highly desirable part of North Eugene. The borrower, a long-time property owner, had originally used the land as a rental but saw an opportunity to create much-needed infill housing. With a fully approved subdivision plan, engineered permits in hand, and city approvals secured, all he needed was a lender willing to fund the development and pay direct to his general contractor—Cetan Funds stepped in to make it happen.
The project is progressing exceptionally well, with utilities being installed and grading underway to prepare for a private road leading to each of the five new lots. Once development is complete, the borrower plans to either partner with a trusted local builder—one Cetan Funds has worked with previously—to construct homes for sale, or sell the lots to builders or homeowners for future construction. Either way, this project will help expand housing options in a part of Eugene where demand is strong.
At Cetan Funds, we take pride in supporting smart, strategic development that strengthens local communities. This project is a great example of how we help experienced real estate investors unlock the value of their land and move their projects forward with speed and flexibility—something traditional lenders often can’t provide.
If you’re a developer or investor looking for financing to subdivide land, build homes, or fund other real estate projects, reach out to us today—we’d love to help you bring your vision to life.
Loan Purpose
Here at Cetan Funds, we excel with land development loans, a critical financing tool for real estate investors, builders, and developers needing capital to prepare land for construction. Traditional lenders rarely finance land development, as it requires funding before vertical construction begins. However, these projects play a key role in meeting housing demand by turning underutilized land into build-ready lots.
Our land development loans are ideal for:
- Small subdivisions, like this 5-lot project in Eugene
- Cluster developments that require shared infrastructure, like attached townhomes or cottage clusters
- Projects needing horizontal improvements (grading, roads, utilities, drainage) before vertical construction
These short-term loans, typically ranging from 6 to 18 months, offer the flexibility to cover site work, infrastructure, and other pre-construction expenses. With quick approvals and funding, we help investors and developers unlock the full potential of their land, getting projects ready for new homes faster than conventional financing allows.
Location
Loan Terms
$340,000 at 12.0% interest only on funds drawn for 12 months
