Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
10/17/2018
Property Type
Single Family Residence
Property City
Eugene
Property State
OR
Lien Type
1st Mortgage
Payment Type
Interest Only
Renovation Budget Funded
100%
Deal Summary
Cetan Funds, a private money lender based in Oregon, funded a $250,000 1st lien position fix and flip loan for the acquisition of a single-family residence in Eugene, OR. The Borrower wanted a full remodel of the home. We covered 100% of the purchase for these experienced investors. The home sold for substantially more and our Borrower made a profit on the deal. This SFR fix and flip loan was funded in October 2018.