Cetan Funds recently funded another spec home construction loan in Sweet Home, Oregon. This country style home sits on 2 acres with beautiful views of the countryside and farmland from the top of a small hill. The builder needed a fast, streamlined solution to get the home built quickly while the local real estate market remained very active and strong. With a little less than two weeks from application to funding, we timed it perfectly, providing him his first draw right after his permits were approved. With home now built and listed, he’s looking for a quick sale to collect his profits.
$315,000 at 11.00% interest for 9 months