Deal Details
Private Loan Type
Purchase
Approx. Funding Date
03/22/2018
Property Type
2-4 Units Residential
Single Family Residence
Property City
Eugene
Property State
OR
Lien Type
1st Mortgage
Payment Type
Interest Only
Lot Acreage
1
Deal Summary
Cetan Funds, a private money lender based in Oregon, funded a $700,000 1st lien position fix and flip loan for a single-family home in Eugene, CA. The Developer acquired an existing 1-acre parcel to fix and flip the existing home and auxiliary dwelling. They plan to partition into 5 separate lots. This SFR fix and flip loan was funded in March 2018.