As a private lender for real estate investments in Oregon and SW Washington, we offer hard money loans that apply to a variety of projects. If you’re a real estate investor, developer or builder with a project in our region, we can probably help you with your funding needs.
Knowing what we can do for you is important as you begin your next real estate investment. We can help guide you through implementing the best strategy for your project that will help you to gain the most profit for the work you’re putting into it. Essentially, we’ll be working hard to help you build wealth through real estate.
Of course, not every private lender is going to offer the same opportunities. Here are a few things we can do to support your real estate venture, and a few things we cannot.
What We Do#
Cetan Funds is a hard money lender providing private loans to real estate investors, developers, builders, and small businesses. Our team has over 40 years of local lending experience and over 30 years in local real estate development. All of our loans are exclusively for business and investment purposes.
Being a modern lending company with traditional core values, we pride ourselves in maintaining integrity, fairness, transparency, and a commitment to the success of our investors and borrowers.
Our borrowers work directly with their loan officer from start to finish, navigating each step of their real estate project as a team. You won’t find multiple departments, third-party inspectors, or hidden fees at Cetan Funds. We monitor construction and project progress ourselves to ensure quality and a seamless experience.
As the preferred hard money lender in Oregon, we provide an efficient and flexible lending experience, while also offering our advice, counsel, and referrals to help borrowers succeed in their real estate ventures.
Where We Fund#
Based in Eugene, Oregon, we primarily lend here in our beautiful home state of Oregon. However, we also lend in SW Washington; specifically Clark County and the Vancouver area thanks to its proximity to the Portland, Oregon market. We have experience providing loans to borrowers in small towns and rural locations, as well as larger cities.
Due to the versatility of our loans and our knowledge in different areas, we can finance unusual properties and property types nearly anywhere in our lending footprint.
What We Fund#
Let’s take a look at some of the types of loans that might be useful for your next real estate project.
Fix and flip rehab loans are short-term loans that help residential real estate investors purchase a home, rehab it, and then sell it quickly.
Our hard money fix and flip loans can finance up to 90-95% of the project costs and up to 70-75% of the property value after repairs. This loan also works great for investors looking to fix and hold by buying, rehabbing, renting and refinancing properties.
We provide short-term residential construction loans to contractors and investors. These loans can finance up to 90-95% of project costs or up to 70-75% of the completed property value. Our residential construction loan process is fast, flexible, and in-house.
We also offer construction loans secured by commercial property to real estate investors, property developers, and businesses in almost every industry. Commercial construction loans financed by Cetan Funds have been used to help businesses grow and allow commercial real estate investors to add cash flowing commercial properties to their portfolios.
A bridge loan is a short-term loan designed to get a borrower from point A to point B as quickly and efficiently as possible. Often, residential bridge loans are used to rapidly purchase or leverage investment properties.
This loan works great for investors capitalizing on our ability to close quickly, including situations with tight 1031 exchange deadlines or investors needing to pull cash-out of an asset to capitalize on another opportunity.
This loan is similar to a residential bridge loan, but is secured by commercial or multifamily property.
If a business owner or real estate investor needs a short-term loan to provide a quick injection of capital for their business or to cover deferred maintenance on a property, they may offer their office building, apartment complex, developed land, or other real property as collateral for this type of business loan secured by their real estate.
We offer short-term, real estate secured land acquisition and development loans for bare land and development projects.
It can be difficult for an investor or land developer to free up enough capital to invest in a promising piece of land. This is where we step in to help. These loans are great for small home builders developing cluster subdivisions, or quickly purchase a lot to build speculative construction on in the future.
At Cetan Funds we have a great team that can help you strategize your best option for whatever type of real estate project you have. Call and talk to one of our highly qualified loan experts to see how to move forward with your real estate investment plans.
What We Don’t Do#
Cetan Funds is a hard money private lender that boasts many options to help you succeed in your mission to build wealth through real estate. But there are some types of lending we do not offer.
For example, we do not offer consumer purpose loans which include any loan where funds are used for purchasing, refinancing, or improving a primary residence, secondary residence, or vacation home.
We do not offer conventional loans, like FHA, VA, USDA loans, home equity loans or HELOCs, reverse mortgages, or debt service coverage ratio loans.
We also do not broker or sell loans after funding them, nor do we purchase loans. We specialize in short-term loans and do not offer loans that exceed 3-5 years on their initial term.
Finding the right type of funding for your real estate project can be challenging. That’s why it’s of great benefit to work with a team that can help you navigate the process. Our staff at Cetan Funds can help you sort it all out and find the best loan for your real estate investments.
Reach out and see how we can help you build wealth through real estate.
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.