Commercial Property Value Add for Multifamily Apartment Rehab in Klamath Falls, Oregon

Funded by Cetan Funds, LLC

$410,000

Deal Details

Private Loan Type

Commercial Property Value Add

Approx. Funding Date

05/03/2019

Property Type
Multifamily
Property City

Klamath Falls

Property State

OR

Lien Type

1st Mortgage

Payment Type

Interest Only

Exit Strategy

Refinance

Deal Summary

Cetan Funds, a private money lender based in Oregon, funded a $410,000 1st lien position bridge loan for a multifamily apartment in Klamath Falls, OR. We financed a purchase and rehab of an 8-unit apartment building near a nursing school in Klamath Falls, OR. The Borrower fixed up the units and doubled occupancy in 6 months. Just a few months later, they successfully refinanced with a local bank for a long-term hold and solid cash flow. This purchase and rehab loan was funded in May 2019.

Funded By

Cetan Funds, LLC

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