A 5.9-acre Tennessee property sold for $65,000 with a 31% down payment. The seller sold the $45,000 note to Damen Capital at closing and collected $51,371 — 79% of the sale price, all in one day.
The seller offered a 5.9-acre Tennessee property at $65,000 with seller financing to sell faster.
The buyer put $20,000 down (31%). Damen Capital quoted $31,371 for the $45,000 note at 10% over 72 months.
Damen Capital purchased the note at closing and wired funds directly to the seller. The seller collected $51,371 total.
Offering seller financing helped this property sell quickly. But the seller didn't want to wait 6 years for payments. By selling the note at closing, they collected $51,371 in one lump sum — 79% of the sale price — and moved on to their next deal.
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