Cetan Funds recently funded a residential construction loan in Lincoln City, Oregon for a single-family home with a 2-story detached garage and accessory dwelling unit. This seasoned builder had purchased a great lot in a desirable subdivision in town. The property will either be held as a rental or sold upon completion. The builder came to Cetan Funds with approved plans and permits in-hand. They just needed the funding to take the project from paper to reality. Cetan Funds was able to close the construction loan within a matter of days and get this builder the funding they needed to execute their vision.
$375,000 at 11.5% interest only on funds drawn for 12 months