Cetan Funds recently funded a bridge loan for the owners of a multi-family 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 property or seek a refinance from a conventional source within the next 6-9 months.

Loan Purpose

Commercial Term

Location

Salem, Marion County

Loan Terms

$215,000 at 14% interest for 12 months