A 10-acre Alabama property sold for $75,000 with 20% down. The seller sold the $60,000 note to Damen Capital at closing and collected $59,500 total — without waiting 8 years for payments.
The seller offered a 10-acre Alabama property at $75,000 with seller financing to expand the buyer pool.
With a $60,000 note at 11.25% over 96 months, Damen Capital quoted $44,500 for the note before closing.
Damen Capital purchased the note at closing and wired funds directly to the seller. The seller collected $59,500 total — $15,000 down plus $44,500 for the note.
Instead of collecting $15,000 at closing and then waiting 8 years for $950/month, the seller got $59,500 cash in one day. That's 79.3% of the full sale price with zero ongoing risk of buyer default.
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