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Deal Details
Private Loan Type
Residential Ground-Up Construction
Approx. Funding Date
08/14/2019
Property Type
Single Family Residence
Property City
Lincoln City
Property State
OR
Lien Type
1st Mortgage
Payment Type
Interest Only
Construction Budget Funded
100%
Deal Summary
Cetan Funds, a private money lender based in Oregon, funded a $200,000 ground-up construction loan for a single-family residence in Lincoln City, OR. We funded 100% of the construction, covered loan fees and closing costs, and payment reserves during construction. The home was successfully built on time and on budget. The Borrower quickly sold for a substantial profit, post-COVID. This ground-up construction loan was funded in August 2019.
Funded By
Cetan Funds, LLC
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