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Deal Details
Private Loan Type
Residential Ground-Up Construction
Approx. Funding Date
10/27/2017
Property Type
Portfolio of Residential Properties
Residential Land
Single Family Residence
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 $1,600,000 1st lien position ground-up construction loan for subdivision development and 6-spec homes in Eugene, OR. The subject consists of a 6-lot cluster subdivision with 3 existing homes. We financed the infrastructure. This ground-up construction loan was funded in October 2017.
Funded By
Cetan Funds, LLC
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