Deal Details
Private Loan Type
Commercial Ground-Up Construction
Approx. Funding Date
04/04/2017
Property Type
Storage Facility
Property City
Eugene
Property State
OR
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Cetan Funds, a private money lender based in Oregon, funded a $625,000 1st lien position ground-up construction loan for a storage facility expansion in Eugene, OR. The Owner plans on adding 22 new RV-sized storage to an existing facility. This ground-up construction loan was funded in April 2017.