Alabama Land Loan — $199,400

$199,400

Loan Amount

55 Acres

Alabama

12% Down

Borrower Equity

Alabama

Property55 acres — Alabama
Property Value$400,000
Loan Amount$199,400
Down Payment$29,495 (12%)
Loan-to-Value0.50
Interest Rate15%
Monthly Payment$2,492.50
Term24 months (interest-only)
Closing Speed7 days
AppraisalNot required

How This Loan Closed

A 55-acre property in Alabama valued at $400,000. The borrower put down just 12% and Damen Capital funded $199,400 at a 0.50 LTV. Even with a lower down payment, the strong property value kept the LTV well within our lending parameters.

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