Tennessee Land Note — 90.0% Payout

$216,000

Note Balance

90.0%

of Balance Paid

52 Acres

Montgomery County, TN

The Numbers

Deal Structure

Property52 acres — Tennessee

Property Value$416,000

Buyer Down Payment$200,000 (48%)

Note Created$216,000

Interest Rate9%

Term36 months (3 years)

Monthly Payment$6,868.74

The Result

Seller Payout

Buyer Down Payment$200,000

Note Sale to Damen Capital$194,500

Total Cash at Closing$394,500

Payout (% of Note Balance)90.0%

How It Worked

Palmyra, Tennessee — Montgomery County

A 52-acre property in Montgomery County, Tennessee sold for $416,000 with a $200,000 down payment (48%). The seller created a $216,000 note at 9% over 3 years. Damen Capital purchased the note for $194,500 — a 90% payout. The combination of a massive down payment, low ITV, and short term made this one of the strongest notes in our portfolio.

The Takeaway

This deal shows what happens when everything aligns: a large down payment, low ITV (0.47), and short 3-year term. The seller collected $394,500 of the $416,000 sale price as cash — giving up just 5.2% of the total sale price to eliminate all risk and get paid immediately.

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