Projects
Read about some of our recently funded projects and Cetan success stories. We feature 1-2 projects each month here on our blog. For more information or to learn about additional projects we have funded, please contact us.
Commercial Construction Loan for Boutique Hotel, Restaurant & Beer Garden in Hood River, Oregon
Cetan Funds recently funded a commercial construction loan for a boutique hotel, restaurant and beer garden project in Hood River, Oregon. The investor working on this project purchased an historic building in the heart of Hood River. Previously a popular restaurant...
Quick Cash-out Refinance of Commercial Building in Hillsboro, Oregon
Cetan Funds recently funded a quick cash-out refinance of a commercial building in Hillsboro, Oregon. The borrowers have owned this building as a family for many years. Unfortunately there was some deferred maintenance that needed to be addressed, and they needed a...
Duplex Rehab Loan with Split & Land Partition in Eugene, Oregon
Cetan Funds recently funded a duplex rehab loan in Eugene, Oregon. Not only were the borrowers renovating the two units, but they were dividing them into separate detached single-family homes and then completing a land partition to both sell them off individually and...
Fix and Flip Loan in Vancouver, Washington
Cetan Funds recently funded a fix and flip loan in Vancouver, Washington. This loan was on a single-family home in need of some updates but with a lots of potential including a large lot that could be developed in the future. The borrower was a young entrepreneur...
Construction Loan for Vacation Homes in Rockaway Beach, Oregon
Cetan Funds recently funded a construction loan for vacation homes in Rockaway Beach, Oregon. This loan was to a savvy, new builder who had picked up the land for a great deal in order to build 3 new vacation homes. He had invested significantly in the project and had...
Cash-Out Refinance for a Homebuilder in Woodburn, Oregon
Cetan Funds recently funded a cash-out refinance for a homebuilder in Woodburn, Oregon. This experienced builder is in the middle of building out a small subdivision he developed. Unfortunately due to rising interest rates and a market slowdown, a few of his finished...
BRRR Project Funded in Beaverton, Oregon
Cetan Funds recently funded a BRRR project (buy, rehab, rent, and refinance) in Beaverton, Oregon. The investor on this deal found a great opportunity to buy a single-family home in a great location at a discount thanks to a highly motivated seller who needed to close...
Fix and Flip Loan in Springfield, Oregon
Cetan Funds recently funded a fix and flip loan in Springfield, Oregon. This was the fourth flip for these borrowers. The property was in poor condition and needed plenty of TLC, although most of the work needed was cosmetic. They purchased the property in March 2022....
Residential Construction Loan in Depoe Bay, Oregon
Cetan Funds recently funded a residential construction loan in Depoe Bay, Oregon. The builder is self-contracting to potentially hold this property as a vacation rental. This speculative build is a 3-story home with stunning views of Boiler Bay, just north of Depoe...
Multifamily Construction Loan in Portland, Oregon
Cetan Funds recently funded a multifamily construction loan in Portland, Oregon. The developer had approved permits for a 12-unit apartment complex in SE Portland. He needed a lender with a streamlined process who could close fast and help the project get built...
Quick Residential Cash-out Refinance in Portland, Oregon
Cetan Funds recently funded a cash-out refinance in Portland, Orgeon for the purchase of a rental property for a local business owner. The borrower and his business had unfortunately been hit hard by the pandemic-related restrictions and shutdowns. He and his wife...
Manufactured Home Construction & Installation in Yoncalla, Oregon
Cetan Funds recently funded a manufactured home construction and installation loan for two new homes in Yoncalla, Oregon, about halfway between Eugene and Roseburg. When our borrower acquired this property, it had an old manufactured home on it of little to no value....
Spec Home Construction Loans in Seaside, Oregon
Cetan Funds recently funded two spec home construction loans in Seaside, Oregon. The investors on these projects have been purchasing lots in a highly desirable new subdivision in the hills on the east side of town. They are building homes to sell upon completion with...
Multi-family Rehab Loan in Cottage Grove, Oregon
Cetan Funds recently funded a multi-family rehab loan in Cottage Grove, Oregon. The borrowers had purchased this 17-unit apartment complex off-market at a heavily discounted price and their original plan was to gradually rehab the units using the cashflow of the...
Commercial Bridge Loan in Bend, Oregon
Cetan Funds recently funded a commercial bridge loan in Bend, Oregon. The borrower owned a 40-acre parcel with a large shop and other facilities where he operated his business. He needed a lender who could close quickly, provide him cash-out to help fund the coming...
Fix and Flip Loan in Portland, Oregon
Cetan Funds recently funded a fix and flip loan in Portland, Oregon for a couple of first-time investors. This project is a partnership between two long-time friends, one of which is a general contractor doing much of the work himself. The renovations will include...
Land Development Loan for Small Subdivision in Albany, Oregon
Cetan Funds recently funded a land development loan in Albany, Oregon for a small subdivision. This project is a partnership between an investor and a general contractor/homebuilder. Together they now own a lot that they are in the process of subdividing into 4 lots....
Duplex Construction Loan in Springfield, Oregon
Cetan Funds recently funded a duplex construction loan in Springfield, Oregon for a local real estate investment company. The investors plan to have the duplex built and rented within 6-8 months and will quickly seek more permanent financing upon completion. Cetan...
Commercial Bridge Loan for Special-Use Building in Eugene, Oregon
Cetan Funds recently funded a commercial bridge loan in Eugene, Oregon for a local business to acquire a residential property that was previously used as a small, private elementary school. Given the classification of this property as a special-use asset, the...
Duplex Bridge Loan in Eugene, Oregon
Cetan Funds recently funded a duplex bridge loan in Eugene, Oregon for an investor to quickly purchase a duplex just down the road from his primary residence. This property was a dream come true acquisition for this investor. Given its location, he would be able to...
46-Lot Subdivision Construction Loan in Sweet Home, Oregon
Cetan Funds recently provided funding for a new 46-lot subdivision construction loan in Sweet Home, Oregon. This loan will provide financing for the infrastructure and land development work as the builder installs roads and utilities. Additionally, the builder...
Purchase and Rehab of Mixed-Use Commercial Building in Portland, Oregon
Cetan Funds recently funded a loan for the purchase and rehab of a mixed-use commercial building in Portland, Oregon. This building is located on a main arterial in a rapidly growing area of Portland and is surrounded by bustling shops and restaurants. Our borrower...
Purchase and Rehab of Investment Property in Eugene, Oregon
Cetan Funds recently funded another fix and flip investment property in Eugene, Oregon. This time the investors found a great opportunity with a property only needing primarily cosmetic repairs. The home sits on a large corner lot with potential for a future land...
Commercial Bridge Loan for Quarry Purchase in Molalla, Oregon
Cetan Funds recently funded a commercial bridge loan in Molalla, Oregon for the purchase of a quarry. The buyers of the quarry had executed a lease-option to buy it at a heavily discounted price, but they discovered only a month before closing that they could not...
Residential Ground-Up Construction in St. Helens, Oregon
Cetan Funds recently funded another spec home construction loan for residential ground-up construction of two new homes in St. Helens, just north of Portland, Oregon. The developer and his general contractor are building two new spec homes. With high-quality...
Residential Bridge Loan in Newport, Oregon
Cetan Funds recently funded a residential bridge loan in Newport, Oregon. The borrower was a real estate broker and investor from California. This investor was buying the property at auction for a heavily discounted price but needed either all cash or a hard money...
Cash-Out Refinance Commercial Bridge Loan on a Farm near Eugene, Oregon
Cetan Funds recently funded a cash-out refinance on a farm near Eugene, Oregon. The borrower was carrying a private note from the original sellers of the property for several years and this loan was coming due. Additionally, he had other business debts that needed to...
Spec Home Construction Loan in Sweet Home, Oregon
Cetan Funds recently funded another spec home construction in Sweet Home, Oregon. This country style home sits on 2 acres with beautiful views of the countryside and farmland from the top of a small hill. The builder needed a fast, streamlined solution to get the home...
Condo Fix and Flip in Beaverton, Oregon
Cetan Funds recently funded another fix and flip in Beaverton, Oregon, a suburb of Portland. This investor needed financing for a quick rehab project on a small condo. These condominiums are in very high demand, but many are outdated and in need of upgrades and...
Fix and Flip with Cluster Subdivision in Medford, Oregon
Cetan Funds recently funded a fix and flip in Medford, Oregon, which also included a small cluster subdivision. The property was a large parcel with an existing home in disrepair. The borrowers, who are skilled contractors, will preserve small portions of the original...
Residential Rehab Loan in Veneta, Oregon
Cetan Funds provided a residential rehab loan to local real estate investors doing a project on a single-family home in Veneta, just west of Eugene, Oregon. When the borrowers purchased the property, it was in disrepair after years of neglect from the prior owners....
Fix and Flip in Portland, Oregon
Cetan Funds recently funded another fix and flip in Portland, Oregon. This older bungalow-style home in Northeast Portland needed a complete renovation. This flip was executed by an experienced group of investors in partnership with a general contractor they work with...
Rental Property Bridge Loan in Springfield, Oregon
Cetan Funds recently funded a rental property bridge loan in Springfield, Oregon. The investor was in the process of buying another investment property. The bank financing the purchase of the other property was too slow and could not fund the loan before his closing...
Apartment Complex Rehab in Coquille, Oregon
Cetan Funds recently funded an apartment complex rehab project in Coquille, Oregon. This multi-family purchase and rehab project included the renovation of 19 units formerly used as a senior living facility. The property was in need of major repairs with a collapsing...
Fix and Flip with Land Partition in Eugene, Oregon
Cetan Funds recently funded a fix and flip with land partition in Eugene, Oregon. This project included a simple land partition so the borrowers could split off a portion of the acreage to hold for a future development project. The existing home was rehabbed...
Fix and Flip in Grants Pass, Oregon
Cetan Funds recently funded a fix and flip in Grants Pass, OR. The loan funded the purchase and rehab of a distressed property owned by Fannie Mae. The borrowers hired a licensed contractor to completely remodel the interior and clean-up and repair the exterior. The...
Cluster Subdivision in Eugene, Oregon
Cetan Funds recently funded a land development construction loan for the infrastructure of a 9-lot cluster subdivision in Eugene, OR. This project, helmed by an experienced local builder and repeat borrower of Cetan Funds, will ultimately lead to the build-out of 9...
Fix and Flip in Springfield, Oregon
Cetan Funds recently funded a fix and flip in Springfield, OR. The loan funded the purchase price while the borrowers, who are experienced and repeat clients, funded the rehab. The major renovations were completed within the first 60 days. The property was sold for a...
Four-Plex Rehab in Monroe, Oregon
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...
Forestland Refinance near Creswell, Oregon
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...
Boutique Hotel Renovation in Lincoln City, Oregon
Cetan Funds recently financed a boutique hotel renovation in Lincoln City, Oregon. The borrowers, who are experienced hotel operators, will renovate the property to make it a unique destination for visitors on the Oregon Coast. Cetan will also be working throughout...
Reverse 1031 Improvement Exchange in Eugene, Oregon
Cetan Funds recently funded a loan for a Reverse 1031 Improvement Exchange in Eugene, OR. The borrower needed to start construction on a new single-family rental prior to closing the sale of an older rental property (i.e. the source of the 1031 exchange funds). Cetan...
Duplex/Condo Bridge Loan in Cannon Beach, Oregon
Cetan Funds recently funded a duplex/condo bridge loan for a borrower converting a duplex rental property into two condominiums. The borrower's existing lender would not allow the conversion and was not willing or able to see the increased value of having two condos...
Commercial Refinance in Springfield, Oregon
Cetan Funds recently funded a commercial refinance in Springfield, OR. This loan provided the owner some cash-out to fund renovations on another investment property and pay-off another debt. His company, which owns several buildings in the area, had sufficient rental...
Investment Property Bridge Loan in Portland, Oregon
Cetan Funds recently funded an investment property bridge loan in Portland, OR. This loan was a refinance on a new build for a very active investor with a large portfolio. This single family property with a basement accessory dwelling unit was 95% complete, with only...
Multi-Family Bridge Loan in Salem, Oregon
Cetan Funds recently funded a multi-family bridge loan for the owners of a property in Salem, OR. This second-lien cash-out refinance helped these investors get the capital they needed to purchase another investment property in California. They will either sell the...
Spec Home in Silverton, Oregon
Cetan Funds recently funded the construction of a spec home in Silverton, Oregon. The builder will be building a moderate to high-end single family home in a new and popular subdivision. This borrower needed to purchase the lot and fund construction. He had an...
Fix and Flip in South Eugene, Oregon
Cetan Funds recently funded a fix and flip in South Eugene, OR. The loan helped a couple purchase the property from an online foreclosure auction. The borrowers will be funding a full renovation of the property and are aiming to have the property sold by Summer of...
Spec Home Construction in Sweet Home, Oregon
Cetan Funds recently funded a spec home construction loan in Sweet Home, Oregon. The builder will be building a spacious home with high-end finishes to eventually refinance and hold as a rental in a new subdivision. The homes in this subdivision overlook a beautiful...
Fix and Flip in Medford, Southern Oregon
Cetan Funds recently funded a Southern Oregon fix and flip loan for the purchase and rehab of a single-family home in the hills of East Medford. Prior to contacting Cetan Funds, the investor ran into funding troubles with another lender. Cetan Funds was able to...
Acquisition and Development of New Subdivision in West Linn, Oregon
Cetan Funds recently funded an acquisition and development loan for the purchase of a large parcel recently annexed by the city of West Linn, Oregon, to create a new subdivision. The investors needed a bridge loan to purchase the land and go through the subdivision...
Rental Property Purchase in The Dalles, Oregon
Cetan Funds recently funded a rental property purchase in The Dalles, Oregon. The buyers needed a bridge loan due to personal circumstances and also had a short time-frame to close. We were able to give them the financing they needed so that they could acquire the...
Triplex Construction in Newport, Oregon
Cetan Funds recently funded a triplex construction project in Newport, Oregon. The finished units will be three stories featuring ocean views, private rooftop terraces and high-end finishes. The builder plans to seek permanent financing once this triplex construction...
Subdivision Development and Spec Homes in Eugene, Oregon
Cetan Funds recently funded a subdivision development with a 6-lot cluster and 3 existing homes. We financed the infrastructure and 6 spec homes. The first existing home will be brought to market at the end of September and construction on the spec homes is currently...
Fix and Flip Loan with Partition in Eugene, Oregon
Cetan Funds recently funded a fix and flip loan for the acquisition of a 1-acre residential parcel for a local developer. The developer plans to fix and flip the existing home and auxiliary dwelling. The rest of the lot will be partitioned into 5 separate lots for...
Spec Residential Construction Loan in Eugene, Oregon
Cetan Funds recently provided funding to an experienced builder using a spec residential construction loan to complete the construction of a spec home. The financing gave this builder the capital he needed to bring the house to market. Loan Purpose Residential...
Storage Facility Expansion in Eugene, Oregon
Cetan Funds recently funded a storage facility expansion in Eugene, Oregon. We financed the ground-up construction and the project added 22 new RV-size storage units to the existing facility. After construction was complete, the project stabilized and was successfully...
Residential Land Purchase in Bend, Oregon
Cetan Funds recently funded the acquisition of a residential lot for a local builder. The financing we provided for this purchase will give this builder the time he needs to decide whether to sell the land or build it out. Loan Purpose Residential Land Purchase...