Cetan Funds, LLC

Cetan Funds, LLC is a private lender based in Eugene, Oregon, specializing in flexible financing solutions for real estate investors. They offer a range of loans, including residential and commercial funding, with a focus on tailored partnerships and local market expertise. Their lending spans Oregon and SW Washington.

Click to show phone number 541-802-7883 541-802-XXXX
Common Loan Scenarios
  • Investment Properties in Oregon
  • Bridge, Rehab & Construction Loans
  • Bare Land
Scenarios Not Considered
  • 100% Financing
  • Cannabis or Hemp Properties
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
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Commercial Bridge
  • Commercial Property Value Add
  • Commercial Ground-Up Construction
Specialty Loan Types
  • Condo Conversion
  • Land Development
  • Partner Buyout
  • Reverse 1031 Exchange
  • Subdivisions
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

Property Geographic Area Details

Oregon and SW Washington

Loan Amounts

$50,000 to $5,000,000

Interest Rates

10% to 12%

Origination Fees

3% to 4%

Loan Terms

6 to 36 months

Lien Position

1st

Credit Check Required

yes

Credit Check Details

Minimum 540 FICO score required.

Minimum Credit Score Required

540

Prepayment Penalty

yes

Prepayment Penalty Details

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

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Interest Reserve
Personal Guaranty (Recourse) Required
Always
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
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

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will lend to a foreign national

no

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

yes

Will Consider Equity Joint Venture

no

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

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.

Cetan Funds, LLC’s Lending Activity
Data Provided By Elementix
12mo Loan Volume

$26,599,300

12mo Loan Count

41

Total Loan Volume

$195,784,785

Average Loan Size

$459,589

Loan Count by State (Past 12 Months)
OR: 40, WA: 1
Data provided by Elementix | Disclaimer

Cetan Funds – Build Wealth through Real Estate

At Cetan Funds, we specialize in private real estate loans across Oregon, offering tailored financing solutions to developers, builders, and investors. Headquartered in Eugene, we serve the entire state with a deep understanding of the local market, backed by over 40 years of lending experience and nearly 30 years of hands-on real estate development expertise. This unique combination allows us to offer the insights and support that professional borrowers need.

As your trusted private money lender, we are committed to helping you succeed. Our goal is to build a long-term partnership that supports your vision, offering flexibility and guidance at every stage of your journey. Whether you’re expanding your real estate portfolio or embarking on a new development, Cetan Funds is here to provide the expertise and reliability you need to achieve your goals.

What sets us apart is the Cetan Advantage, built on five key principles that ensure your experience with us is seamless and rewarding:

EXPERTISE

Benefit from our 60+ years of combined experience in lending and real estate development. We’ll craft the right loan for your needs and offer support when your project faces challenges.

PARTNERSHIP

We’re in this for the long haul. Count on us as your creative, responsive funding partner for multiple projects over time.

EFFICIENCY

We pride ourselves on fast, in-house valuations and quick decisions. Expect underwriting answers within 2 to 4 days and funding as fast as 7 days.

FLEXIBILITY

No two projects are the same. We adapt to your evolving needs, offering loan terms that fit your unique situation.

INTEGRITY

Our culture is built on transparency and fairness. We’re with you every step of the way to ensure mutual success and always act in your best interest.

Cetan Funds provides loan products designed to meet a variety of business and investment objectives, 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

No matter your project, we have a loan solution for you. For more information, please get in touch with us today.

Office Locations

Cetan Funds
72-c Centennial Loop, Eugene, Oregon 97401
Company Size (Number of Employees)

6

Year Established

2017

License

NMLS ID 1584481

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

35%

Percentage of Loans Secured by Residential Property

65%

Total Number of Loans Funded to Date

200

Total Loan Volume Funded to Date

$150,000,000

Associations

Oregon Real Estate Investors Association - Vendor MemberNorthwest Real Estate Investors Association - Vendor MemberEugene Association of Realtors - Affiliate MemberSpringfield Association of Realtors - Affiliate MemberOregon Mortgage Association - Member

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

Landon Matta

Associate & Loan Officer

NMLS MLO - 2524246

Image Gallery

Info Our minimum loan amount is $50,000

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