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 capital infusion to get it done. While they could have gone to a bank and been put through their extensive underwriting requirements and lengthy closing times, they decided the expediency of a private loan from Cetan was much more beneficial. We offered them a fast closing so they could very quickly get the capital they needed and get the repairs done. They will either refinance with a bank, payoff the loan with their ongoing cash flows, or eventually look to sell the building for a higher price than they otherwise would have gotten.
Hillsboro, Washington County, Oregon
$100,000 at 10.0% interest only for 24 months
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