Direct Lender for Oregon Real Estate Investors

Cetan Funds offers flexible loan products including:

Residential Construction
Commercial Construction
Residential Term
Commercial Term
Fix & Flip Rehab Loans
Acquisition & Development
Bare Land and Lot Loans

We invite borrower collaboration: together we design a loan solution that is right for the situation. We bring our extensive local market experience in lending and real estate development to our decisions. A Cetan Funds loan is a relationship and not just a one-way business transaction. Once funded, you can always contact one of our founders for advice, to discuss new opportunities, or to help solve unexpected challenges.

Property Geographic Area Details

Oregon and SW Washington

Loan Amounts

$50,000 to $5,000,000

Interest Rates

10% to 12%

Loan Terms

6 months to 36 months

Origination Fees

3% to 4%

Lien Position

1st

Collateral Types

Residential Property
Commercial Property

Loan Purpose

Investment Acquisition
Investment Refinance
Improve Subject Property
Use Equity to Invest in Another Property
Invest in a Business
Business Working Capital
Value Add Project
Development Project

Property Occupancy

Vacant
Tenant Occupied 100%
Owner Occupied Commercial

Property Types

2-4 Units Residential
Adult Day Care
Agricultural
Assisted Living Facility
Auto Dealership
Auto Repair
Bed and Breakfast
Car Wash
Child Day Care
Cinema
Club
Commercial Condominium
Commercial Land
Community Center
Condominium
Cooperative
Event Center
Gas Station
Golf Course
Gym
Healthcare
Hospital
Hostel
Hotel
Industrial
Manufactured Home
Marina
Mixed-Use
Mobile Home
Mobile Home Park
Motel
Multifamily
Night Club
Office
Parking Lot
Place of Worship
Portfolio of Commercial Properties
Portfolio of Residential Properties
RV Park
Ranch
Recreational
Rehabilitation Facility
Religious Facility
Residential Land
Retail
Senior Housing
Single Family Residence
Sports Facility
Storage Facility
Student Housing
Theater
Timberland
Vehicle Parking
Winery

Loan Types

Private Money
Hard Money
Commercial Bridge
Residential Bridge
Commercial Property Value Add
Residential Fix and Flip
Residential Rehab and Rent
Commercial Ground-Up Construction
Residential Ground-Up Construction

Specialty Loan Types

Condo Conversion
Land Development
Partner Buyout
Reverse 1031 Exchange
Subdivisions

Land Types Considered

Residential Land
Multifamily Land
Industrial Land
Office Land
Retail Land
Hospitality Land
Agricultural Land
Special Purpose Land

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

65%

Max LTC for Land Acquisition

80%

Max Loan-to-Purchase Price

100%

Borrower Must Have Property Under Contract

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

Own Cash
Partner
Equity in Subject Property
Equity in Another Investment Property
Equity in Primary Residence
Seller Financing
Gap Lender
Crowdfunding
Family

Experience Required

Minimum Number of Value-Add Projects Completed by Borrower

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

Maximum After Repair Value

75.00%

Development Experience Required

Minimum Number of Ground-Up Construction Projects Completed by Borrower

Max LTC for Ground-Up Construction Costs

95%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Multi-Purpose Lender Fee

Administrative Fee of $995-1,495

Extension Fee

1% of loan amount and 1% interest rate increase for extension term.

Minimum Origination Fee Amount

$2,000

Other Fee

$250 payoff processing fee

Fees which are mandatory for all new borrower clients

Multi-Purpose Lender Fee
Extension Fee
Other Fee

Fees which are paid to a third party company

Escrow Fee
Title Fee

Details and Requirements

Typical Closing Time (Days)

Fastest Closing Time (Days)

Payment Structure

Interest Only
Interest Reserve

Pre Payment Penalty

yes

Typically, 1% if repaid in the first 3-6 months, depending on loan term and the specifics of the deal.

Will lend to a foreign national

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

Borrower Entity Types Considered

Individual(s)
LLC
Limited Partnership
Trust
Corporation
Non-Profit Corporation

Documentation Required

Credit Report
Tax Returns
Bank Statements
Financial Statements
Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

540

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Funded Deals

Cetan Funds, LLC

Springfield, OR

$125,000

Single Family Residence

Refinance

View Transaction

Cetan Funds, LLC

Medford, OR

$255,000

Single Family Residence

Residential Fix and Flip

View Transaction

Cetan Funds, LLC

Springfield, OR

$90,000

Single Family Residence

Residential Fix and Flip

View Transaction

Cetan Funds, LLC

Klamath Falls, OR

$410,000

Multifamily

Commercial Property Value Add

View Transaction

Cetan Funds, LLC

Lincoln City, OR

$200,000

Single Family Residence

Residential Ground-Up Construction

View Transaction

Cetan Funds, LLC

Eugene, OR

$250,000

Single Family Residence

Residential Fix and Flip

View Transaction

Cetan Funds, LLC

Eugene, OR

$700,000

2-4 Units Residential, Single Family Residence

Purchase

View Transaction

Cetan Funds, LLC

Bend, OR

$130,000

Residential Land

Purchase

View Transaction

Cetan Funds, LLC

Eugene, OR

$1,600,000

Portfolio of Residential Properties, Residential Land, Single Family Residence

Residential Ground-Up Construction

View Transaction

Cetan Funds, LLC

Eugene, OR

$175,000

Single Family Residence

Residential Ground-Up Construction

View Transaction

Cetan Funds, LLC

Eugene, OR

$625,000

Storage Facility

Commercial Ground-Up Construction

View Transaction

Get In Touch

Cetan Funds, LLC pays us to be listed, so there is no fee to connect with them directly. Share your loan request, send a simple email, call, or visit their website.

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Cetan Funds – Build Wealth through Real Estate

Cetan Funds is a real estate loan originator and private money lender in Oregon. We are based in Eugene and offer our services throughout the state for real estate developers, builders, and investors. Our team has over 40 years of local lending experience, as well as nearly 30 years of experience in local real estate development, giving us a unique perspective on the needs of professional borrowers in Oregon.

As your preferred private money lender in Oregon, you can count on us to offer the guidance and support you need. We are committed to your success and forming a reliable, long-term partnership. As you pursue your goals now and in the future, Cetan Funds is here to help you succeed.

The Cetan Advantage is what makes us stand out from any other private money lender in Oregon. We adhere to the following principles to ensure a positive experience for our clients:

EXPERTISE

Leverage our 60+ years of lending and real estate development experience in Oregon to shape the right loan for you and get the help you need when you need it if your project hits a snag.

PARTNERSHIP

Build a relationship with us. We’re ready to be your long-term funding partner and help you with multiple projects. Count on us to be creative and responsive.

EFFICIENCY

Fast, in-house valuations. Get an underwriting answer in 2 – 4 days and fund it quickly — often as fast as 7 days. We value prompt response times and get you the answers you need as quickly as possible.

FLEXIBILITY

Receive a loan tailored to your needs. We know that projects change, so we adapt and provide loan terms that fit your situation.

INTEGRITY

We’re with you every step of the way to ensure mutual success. We operate with a culture of transparency and fairness. We’ll always have your back.

Cetan Funds offers loans for nearly any business and investment goal, including:

Fix & Flip Rehab Loans
Ground-up Construction (residential and commercial)
Investment Property Bridge Loans (residential and commercial)
Short-term Refinances (rate/term & cash-out)
Land Acquisition & Development
Bare Land and Lot Loans

We can offer a loan product for nearly any situation. For more information, please contact us.

License

NMLS ID 1584481

Company Size (Number of Employees)

Year Established

2017

Associations

Home Builders Association of Lane County - Associate Member
Commercial Investment Division - Member
Oregon Real Estate Investors Association - Vendor Member
Northwest Real Estate Investors Association - Vendor Member
Eugene Association of Realtors - Affiliate Member
Springfield Association of Realtors - Affiliate Member
Oregon Mortgage Association - Member

Office Locations

Cetan Funds
72-c Centennial Loop, Eugene, Oregon 97401

Primary Capital Source

Private Equity Funds

Alternative Capital Sources

Bank Credit Line

Loan Structure for Majority of Loans

Own Balance Sheet

Percentage of Loans Secured by Commercial Property

25%

Percentage of Loans Secured by Residential Property

75%

Total Number of Loans Funded to Date

200

Total Loan Volume Funded to Date

$80,000,000

Our Team

Mary B. Merriman

Principal

NMLS MLO - 811599

Steven R. Yett

Principal

NMLS MLO - 1577809

Zach D. Smith

Associate & Loan Officer

NMLS MLO - 1748167

Kim Voorhies

Office Administrator

Get In Touch

Cetan Funds, LLC pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Contact COMPANY

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

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