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 reservoir and provide new housing to a growing number of local residents seeking upscale homes.
Loan Purpose
Location
Loan Terms
$285,000 at 13% interest for 12 months
