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
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


Max LTV for Land


Max LTC for Land Acquisition


Max Loan-to-Purchase Price


Borrower Must Have Property Under Contract


Will Provide Proof of Funds Letter


Will Consider Lending on Purchase from Auction


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


Max LTC for Renovation Costs


Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw


Maximum After Repair Value


Development Experience Required


Minimum Number of Ground-Up Construction Projects Completed by Borrower


Max LTC for Ground-Up Construction Costs


Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects


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


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


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


Will Consider Collateralizing Multiple Properties in One Loan


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
Credit Check Required


Minimum Credit Score Required


Appraisal Required for Residential Property


Appraisal Required for Commercial Property


Broker Price Opinion (BPO) Accepted for Residential Property


Broker Price Opinion (BPO) Accepted for Commercial Property


Funded Deals

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:


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.


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.


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.


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


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.


NMLS ID 1584481

Company Size (Number of Employees)


Year Established



  • 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


Percentage of Loans Secured by Residential Property


Total Number of Loans Funded to Date


Total Loan Volume Funded to Date


Our Team

Mary B. Merriman


NMLS MLO - 811599

Steven R. Yett


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.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

Create a Loan Request

Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.

Contact Cetan Funds, LLC by whichever method you choose.

If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.


Our Minimum Loan Amount Is


What We Do

  • Investment Properties in Oregon
  • Bridge, Rehab & Construction Loans
  • Bare Land

Not Available

  • NO 100% Financing
  • NO Cannabis or Hemp Properties

Send an email to Cetan Funds, LLC