When you’re making a plan for your next real estate project and considering a hard money loan, we hope Cetan Funds is at the top of your list.
The principles we adhere to make us stand out as a private lending option. We call this the Cetan Advantage. By delivering on these five tenets, we ensure our clients have a positive experience throughout their real estate project. We believe that’s why clients return to us again and again for their real estate investing needs.
Our goal is to develop long-term relationships with our clients and that starts with trust. So, let’s take a look at the Cetan Advantage and the benefits you’ll discover when working with Cetan Funds. See for yourself why working with Cetan Funds may well be the best financial decision you can make when looking for a private lender for your next real estate project.
Expertise#
Our expertise stands out among private lenders. We have over 60 years of combined lending and real estate experience in Oregon, giving us a unique perspective on all the ins and outs of real estate investing, development, and financing.
With this kind of knowledge, we can craft a loan custom-tailored for your financial needs, while also supporting you in a variety of ways during the project with ongoing advice and counsel. In this way, we often fill the role of a “financial business partner.”
With the experience we have with real estate investors and loan processes, we can offer you help when you need it, with information and guidance to help you succeed. This can be particularly helpful if this is your first real estate investment or you’re branching out into a new type of project.
For example, if you’ve typically only done fix and flips but now want to try a new build, we can help you navigate that process including reviewing common loan terms, construction budgeting and draw management, and frequent obstacles homebuilders run into.
Partnership#
When you partner with us for your real estate loan, you’ll find a company that is not only experienced, but also has the ability to think creatively and be responsive.
We look for the best ways to get you what you need for your particular project and situation because we know that every project is different and needs our personal attention in unique ways.
We strive to be someone you can count on for a long-term partnership across multiple projects. As our partnership grows and we get to know you, we can learn how to best meet your individual needs and preferences as you continue to build your real estate portfolio. Many of our clients come to us for all of their real estate projects because they know we’re the ones they can count on for fast, reliable funding.
Efficiency#
We pride ourselves on being fast, responsive and efficient here at Cetan Funds. We do fast in-house valuations and loan underwriting, often reaching a lending decision in 2-3 days, and sometimes sooner. We can then fund quickly, often as fast as 3-5 days. When you have a project in the works, we know that getting a loan in a timely fashion is of great importance.
Fast, accurate service, with prompt response times and getting the answers you need as quickly as possible is the kind of efficiency that you’ll find with the Cetan Advantage.
This efficiency can be crucial for our clients working on time-sensitive projects like fix and flips. When a home comes on the market for a great price, they often want to be the first to put in an offer and get the ball rolling. We’re able to help them get the property under contract, close on time, and then make sure their project goes swiftly and smoothly so they can rehab the home and flip it for a profit.
Flexibility#
Real estate investing is never a “one size fits all” situation, so we’re proud of our ability to adapt and provide loan terms to fit your individual needs. With our knowledge and experience in real estate, we can look at all of the possibilities and work out the one that’s best for you.
Our position as a direct portfolio lender with our own internal managed funds, gives us the flexibility with underwriting that most other brokers and lenders simply cannot achieve when brokering or selling loans to outside investors.
We know that flexibility is key in finding the right loan that will meet your needs and we’re able to customize your loan to your individual project.
If you’re an experienced investor with capital on-hand and would like a loan designed to minimize your down payment, we can probably help with that. If you are seeking the lowest upfront fees on a very short-term project, we can work with that too.
Every situation and every borrower is different, and we’re more than happy to explore options. By keeping up with both current trends and long established methods, we can be flexible to ensure a smooth and profitable path to helping you build wealth through real estate.
Integrity#
And of course, one of the most important principles to the Cetan Advantage is integrity. Our transparency and fairness is one of our greatest values in dealing with our clients.
You matter to us and we’ll always be looking out for your best interests. We want you to know that we are a partner that you can trust.
As a private lender of real estate loans, nothing could be more important to us than having integrity in all of our business partnerships. Unfortunately, hard money lenders have often created a bad reputation for themselves, and private lending can often feel like the “Wild West” with a wide range of what lenders consider “ethical” practices.
Here at Cetan, we’re different. We’re with you every step of the way to ensure mutual success and will always be fair, honest, and transparent.
At Cetan Funds, we are committed to your success in the real estate industry and forming a reliable, long-term partnership for your short-term real estate financing needs.
With the Cetan Advantage you get an experienced, efficient, flexible financial partner valuing integrity above all. We’d love to become your preferred private money lender for all of your real estate investing needs.
BORROWER FAQs#
What is a Private or Hard Money Loan?
Private and hard money loans come in many variations, but most are short-term loans provided by an investor or group of investors when conventional financing is unattainable or undesirable.
Most private lenders and hard money lenders, like Cetan Funds, finance projects like fix and flip rehabs, rental properties, commercial bridge loans, land development, and many other unusual or unconventional properties and projects. A private or hard money loan can help real estate investors, developers, builders, and small businesses grow their portfolios and businesses faster than they could on their own.
Here at Cetan Funds, we empower people to build wealth through real estate.
Why choose hard money vs. bank loans?
Hard money (or private) loans are built for speed and flexibility. Banks often require months of paperwork, strict borrower qualifications, and rigid underwriting standards. At Cetan Funds, we base our lending decisions primarily on the value and potential of the property, not just the borrower’s financial profile. This means we can finance properties and projects banks typically decline due to condition, complexity, or unusual circumstances.
Hard money loans are ideal for time-sensitive opportunities like fix-and-flip projects, new construction, or land development.
Where Does the Money You Lend Come From?
Cetan Funds offers two pooled private equity fund investments for Oregon residents who qualify and accredited investors. Our two funds, called Cetan Income Fund and Cetan Opportunity Fund, serve as the primary source of capital for the loans that Cetan Funds originates.
Rather than matching individual investors to individual loans, or borrowing capital from banks or Wall Street as many hard money lenders do, at Cetan Funds, we manage our own pool of funds. The investors own shares of their fund limited liability company and the principals of Cetan Funds manage the portfolio of loans owned by the fund. All loans are serviced by Cetan Funds. To learn more about the advantages of this structure, please contact us.
What Types of Loans Does Cetan Funds Finance?
We can lend on most commercial and residential property in Oregon and SW Washington if the loan is for business or investment purposes. We provide short-term financing for bare land, land development, new construction, rehabs, and residential and commercial bridge loans.
Do You Lend on Primary or Secondary Residences?
No. We can only lend for business or investment purposes and do not lend on owner-occupied residential properties. Check out our blog to learn more about what we do and what we don’t do.
Where Do You Lend?
We lend exclusively in Oregon and SW Washington because we know the market well and are committed to helping grow our local market. We lend primarily in Western, Southern and Central Oregon with an occasional loan in Southwestern Washington.
Do You Only Look at the Property/Collateral?
While we are primarily a “collateral-based lender,” we do not solely look at the property/collateral. In our experience, who you lend to is just as important as what you lend on.
We strive to build long-term relationships with our borrowers, and we cannot achieve that if we focus solely on their real estate. So, we also take into consideration character, capacity, capital, and other conditions.
Weighing these important factors, which are often overlooked by other private and hard money lenders, helps us accurately measure risks for both our borrowers and our investors while allowing us to offer better all-around results for our clients.
Do You Have Minimum or Maximum Loan Sizes?
How Long Are Your Loans?
We offer loans as short as 3 months and as long as 60 months; however, most of our loans are for 6 to 12 months. Plus, we build in automatic extensions to every loan to ensure borrowers have time to deal with unexpected events and circumstances.
What Are Your Application and Underwriting Requirements?
Cetan Funds loans are customized to fit each specific scenario. Therefore, application and underwriting requirements can often vary depending on the situation. Typically, we require the following:
For Applications:
- Cetan Funds Business Loan Application (online form, link provided by your loan officer)
- Personal financial statements for all loan guarantors (form provided)
- Property/project description
- Summary of construction or investment experience (if applicable)
For Underwriting:
- 2 years of tax returns for all loan guarantors
- 3-6 months of bank statements
- Project/property-specific documentation (such as purchase/sale agreements, lease agreements, business financials, etc.)
- Detailed rehab or construction plans and budgets (if applicable)
Please contact us for more information on the application and underwriting requirements for your specific scenario.
How Fast Can I Get a Loan Decision?
How fast is funding?
We pride ourselves on moving quickly. Loan decisions are typically made within 1–2 business days, and pre-approval can often be issued just as fast. Once approved, we can close and fund in as little as 3–5 business days, depending on the project and documentation. That speed lets you secure capital and act on opportunities without the delays common with traditional lenders.
Can I Get Pre-Approved?
How Fast Can You Fund and Close a Loan?
As quickly as 3-5 days.
What is Your Minimum Down Payment?
What Are Your Interest Rates?
Rates vary depending on the project. Typically, annual interest rates are 10-12%. Interest is only charged on the outstanding balance. Therefore, interest is not charged on construction or rehab funds until they are drawn. So, for most of our short-term construction and rehab loans, borrowers actually incur far less than 10-12% in interest expense. For more information, please contact us.
What Are Your Loan Fees?
Origination fees vary depending on the project. Typically, origination fees are 2-4% of the loan amount. We also charge a $995-$1,495 administrative fee at closing.
Can I Live in the Property While I Have This Loan?
Unfortunately, no. Our borrowers cannot live in the residential properties we finance for them.
The only exception is in very specific commercial loan scenarios. If you wish to get a loan on a property you would like to live in now, or in the future, please contact us so we can help you find a lender for that. We are happy to help.
Can I Pay Off My Loan Early?
Do You Fund Rehab and Construction Loans?
On Rehab or Construction Loans, Do You Charge Interest on the Full Loan Commitment?
No. Interest is only charged on the outstanding balance.
How Do Construction Draws Work With Your Loans?
Construction draws are typically disbursed for work completed, materials purchased, or subcontractor invoices ready to be paid. Borrowers work directly with their loan officer, their main point of contact from start to finish on the project, to submit draw requests up to twice per month.
We do not charge fees for construction draws. Draw requests include a breakdown of the items awaiting reimbursement or payment, evidence showing the completed work or materials on site, and copies of subcontractor invoices or receipts over $2,500-5,000. Draws are typically processed in 24-48 hours.
Do You Fund Loans on Bare Land?
Yes, we provide bare land loans. Each situation is different. Please contact us for details.
Do You Finance Mobile or Manufactured Homes?
What is “Cetan”?
Cetan comes from the Lakota language and means “hawk spirit.” We chose it to represent the values we bring to lending: vision to see opportunities, loyalty in building long-term relationships, and speed in delivering funding when it’s needed most.
Supporting local organizations like the Cascades Raptor Center also helps us honor that connection to hawks and our beautiful raptors in the Pacific Northwest while giving back to the community.