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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
08/20/2020
Property Type
Single Family Residence
Property City
Springfield
Property State
OR
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Cetan Funds, a private money lender based in Oregon, funded a $125,000 1st lien position bridge loan secured by a single-family residence in Springfield, OR. This bridge loan quickly gave this investor the cash he needed to buy another property. We funded in a few days when his bank was dragging their feet. Less than a month later he was able to pay us off. Without our loan, the sellers would have backed out of the deal and he would have missed out on the opportunity to acquire a great cash-flowing rental. This SFR refinance bridge loan was funded in August 2020.
Funded By
Cetan Funds, LLC
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