Commercial Construction Loans
Typical Terms
-
- Up to 70-75% loan-to-value
- Up to 80-90% loan-to-cost
- 1.25 minimum DSCR at stabilization, based on permanent financing terms
- Loan amounts up to $5 million
- 11-12% interest rate
- 2.0-3.0% origination fee ($3,500 minimum)
- $1,495 admin fee
- 12 to 18-month term with flexible extensions available
Process and Execution
-
- No junk fees
- Appraisal waiver may be available
- Loan decisions as quick as 3-5 business days
- Extension fees: 0.50% if deferred or 0.40% if paid when extending
- Financing interest reserves may be available (subject to LTV/LTC)
Typical Terms
-
- Up to 70-75% loan-to-value
- Up to 80-90% loan-to-cost
- 1.25 minimum DSCR at stabilization, based on permanent financing terms
- Loan amounts up to $5 million
- 11-12% interest rate
- 2.0-3.0% origination fee ($3,500 minimum)
- $1,495 admin fee
- 12 to 18-month term with flexible extensions available
Process and Execution
-
- No junk fees
- Appraisal waiver may be available
- Loan decisions as quick as 3-5 business days
- Extension fees: 0.50% if deferred or 0.40% if paid when extending
- Financing interest reserves may be available (subject to LTV/LTC)
Creative Investor Add-On
Equity Unlock
Borrowers with multiple properties or significant real estate equity may be able to cross collateralize assets to reduce or eliminate cash required at closing, subject to underwriting, collateral quality, and overall risk profile.
Commercial Construction
Loan Underwriting at Cetan Funds
Our underwriting process for commercial construction loans is designed to be thorough, practical, and focused on execution, feasibility, and long-term viability. We typically review the following:
Borrower info: background, experience, track record, etc.
Property details: description, pictures, etc.
Project details: permits, plans, budgets, timelines, exit strategy, etc.
Personal Financial Snapshot form.
Real Estate Schedule, if applicable.
2 years of personal tax returns.
2 years of business tax returns, if applicable.
3 months of recent bank statements.
Credit check. Minimum 540 FICO. Waiver may be available.
Recently Funded Commercial Construction Projects
Financing Commercial Construction Loans
Short-term commercial construction financing for investors and businesses
Cetan Funds provides short-term commercial construction loans secured by commercial real estate. We work with real estate investors, developers, and operating businesses across a wide range of property types, including multifamily, mixed-use, retail, office, industrial, hospitality, and specialty-use properties.
Commercial construction loans from Cetan Funds are designed to bridge projects through construction and repositioning prior to sale or permanent financing. These loans differ from traditional bank construction loans by prioritizing speed, flexibility, and execution rather than rigid institutional requirements.
Interest is charged only on the outstanding loan balance, not the full commitment. Loan terms and pricing vary by project and structure, with typical commercial construction rates ranging from 11–12%, as outlined above.
We do not lend to the cannabis industry. All other commercial property types are evaluated on a case-by-case basis.
Do you need a short-term loan for construction on commercial property? Tell us about your project!
Obtaining Commercial Construction Loans with Cetan Funds
In-house underwriting and construction draw management
Cetan Funds is a direct private lender providing commercial construction loans throughout Oregon. We manage underwriting, funding, and servicing internally, allowing us to move quickly and remain flexible throughout the life of the project.
Borrowers receive personalized attention from our team from initial inquiry through project completion. We provide practical pre-funding feedback, efficient underwriting, and funding typically within days of approval, depending on project readiness.
Once funded, your loan officer remains directly involved in managing construction draws and monitoring progress. Draw requests are handled in-house, without third-party inspectors or separate departments, allowing for timely disbursements and consistent communication.
We understand that commercial construction projects often evolve. Our approach is collaborative and adaptive, supporting borrowers through changes in scope, timing, or execution while keeping the project moving forward.
Many of our borrowers return to Cetan Funds for additional projects, reflecting our focus on long-term relationships rather than one-off transactions.
Does Cetan Funds sound like a good match for your commercial construction project?
Leverage the Cetan Advantage
A local Oregon lender with deep construction experience
Cetan Funds is a family-owned Oregon-based private lender with more than 60 years of combined experience in lending and real estate development. Our local market knowledge and hands-on approach allow us to structure commercial construction loans that reflect real-world conditions.
The Cetan Advantage is built on five core principles:
Expertise
Decades of experience in commercial lending and property development inform how we evaluate feasibility, risk, and execution throughout construction.
Partnership
We work directly with borrowers from start to finish, maintaining close collaboration and consistent communication throughout the project.
Efficiency
In-house underwriting and capital allow us to provide fast decisions and reliable funding without outside approval layers.
Flexibility
Each commercial construction loan is tailored to the project. As conditions change, we remain engaged and responsive.
Integrity
We operate with transparency and fairness. Borrowers can expect clear terms, consistent execution, and a lender that stands behind its commitments.
Does Cetan Funds Fit Your Commercial Construction Project?
If you are seeking short-term commercial construction financing backed by in-house capital and a hands-on lending team, Cetan Funds may be a strong fit.
Contact us to discuss your project, timeline, and financing needs.
CONTACT US
Start your inquiry by filling out our contact form or call us directly at (458) 215-3200.