Loan Case Study — Florida

$57,600 Land Loan — Florida

A 5-acre Florida land acquisition financed with a $57,600 private land loan from Damen Capital Fund. Closed in 7 days, no appraisal, interest-only at 16%.

$72,000

Purchase Price

$57,600

Loan Amount

16%

Interest Rate

5 Acres

Florida

The Numbers

Deal Breakdown

The Acquisition

Property5 acres — Florida
Purchase Price$72,000
Down Payment$14,400 (20%)
Loan Amount$57,600
Interest Rate16% (interest-only)
Term24 months
Closing Timeline7 days

Loan Costs

Monthly Interest Payment$768/month
Hold Period6 months
Total Interest Paid$4,608
Closing Costs$600
Exit Fee (2%)$1,152
Total Cost of Capital$6,510
Borrower flipped the parcel to a retail buyer within 6 months. The private loan allowed them to act before the seller found another buyer.
How It Worked

From Application to Closing in 7 Days

1

Below-Market Opportunity

A 5-acre Florida parcel at $72,000 — below comparable sales. The seller needed cash quickly.

2

Quick Approval

Damen Capital approved $57,600 at 16% interest-only with a 7-day closing. No appraisal required.

3

Flipped at a Profit

Borrower resold 6 months later at a higher price, paying off the Damen Capital loan at closing.

The Takeaway

Fast Capital, Fast Flip

A 5-acre Florida parcel below market. The borrower needed to close in 10 days. Conventional financing was not an option — Damen Capital closed in 7.

Closed in 7 days — no appraisal, no bank committee

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