Loan Case Study — Alabama

$56,800 Land Loan — Alabama

A 14-acre Alabama land acquisition financed with a $56,800 private land loan from Damen Capital Fund. Closed in 7 days, no appraisal, interest-only at 16%.

$71,000

Purchase Price

$56,800

Loan Amount

16%

Interest Rate

14 Acres

Alabama

The Numbers

Deal Breakdown

The Acquisition

Property14 acres — Alabama
Purchase Price$71,000
Down Payment$14,200 (20%)
Loan Amount$56,800
Interest Rate16% (interest-only)
Term24 months
Closing Timeline7 days

Loan Costs

Monthly Interest$757/month
Hold Period9 months
Total Interest Paid$6,813
Closing Costs$600
Exit Fee (2%)$1,136
Total Cost of Capital$8,774
Borrower resold the parcel to a buyer with seller financing 9 months after closing.
How It Worked

From Application to Closing in 7 Days

1

Alabama Parcel Under Contract

14 acres in Alabama at $71,000. Seller needed to close in under 2 weeks.

2

$56,800 Loan, 7-Day Close

16% interest-only, closed in 7 days. Borrower beat out a competing offer.

3

Resold with Owner Financing

Sold 9 months later with seller financing. Borrower retained the note for monthly income.

The Takeaway

Seller Financing Unlocked the Buyer Pool

A 14-acre Alabama parcel with strong buyer interest but limited conventional financing options. Offering seller financing at resale opened the deal.

Closed in 7 days — no appraisal, no bank committee

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