Cetan Funds recently funded a residential construction loan for the completion of a triplex in Sisters, Oregon. The project was already well underway, with the borrowers having self-funded a substantial portion of the construction prior to engaging us.
The property is located in a growing area of Sisters, near established residential and multifamily development with strong proximity to both Highway 20 and downtown. Designed as three townhome-style units, the finished project will be operated as short-term rentals, benefiting from consistent year-round demand driven by Central Oregon tourism.
At the time of funding, construction was approximately halfway complete, with major structural work and framing already finished. The remaining scope includes completing interior systems, finishes, and final buildout to bring the units to market-ready condition. The borrowers have significant capital invested in the project, which created strong alignment and reduced overall execution risk.
This was a clear fit for private money. The project required a lender comfortable stepping into a partially completed construction project, structuring around prior equity, and supporting the final phase of execution. We tailored a simplified draw structure that allowed for reimbursement of completed work at closing and staged funding through completion.
Have a construction or development project underway? Cetan Funds provides flexible private money loans for residential and commercial construction projects across Oregon and SW Washington.
At Cetan Funds, we provide construction financing for projects in progress, including partially completed builds like this triplex in Sisters. Our loans are designed to step in where traditional financing often falls short, whether due to timing, project stage, or structure.
We regularly work with borrowers who have already invested significant capital into their projects and need a reliable partner to fund the remaining scope. This includes completing vertical construction, finishing interior work, and carrying projects through to stabilization or refinance.
Our construction loans are built around real execution. We focus on practical underwriting, borrower investment, and clear exit strategies. For projects with meaningful progress and equity in place, we can offer streamlined draw structures that prioritize efficiency and reimbursement for completed work.
Whether you are finishing a development, building rental units, or preparing for a refinance exit, we structure loans to support the final phase of your project with speed and flexibility.
Location
Sisters, Deschutes County, Oregon
Loan Terms
$305,000 at 12.0% interest only on funds drawn for 12 months
