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. Nearly the entire home needed to be renovated. These investors took the house down to the studs and turned this property into a beautiful country home with modern finishes. It quickly sold, making them a great profit on this fix and flip project.
$230,125 at 10.00% interest for 9 months