Loan Case Study — Georgia

$118,400 Land Loan — Georgia

A 22-acre Georgia land acquisition financed with a $118,400 private land loan from Damen Capital Fund. Closed in 7 days, no appraisal, interest-only at 14%.

$148,000

Purchase Price

$118,400

Loan Amount

14%

Interest Rate

22 Acres

Georgia

The Numbers

Deal Breakdown

The Acquisition

Property22 acres — Georgia
Purchase Price$148,000
Down Payment$29,600 (20%)
Loan Amount$118,400
Interest Rate14% (interest-only)
Term24 months
Closing Timeline7 days

Loan Costs

Monthly Interest Payment$1,381/month
Hold Period10 months
Total Interest Paid$13,810
Closing Costs$600
Exit Fee (2%)$2,368
Total Cost of Capital$17,028
Borrower subdivided the parcel and sold individual lots with seller financing over 10 months.
How It Worked

From Application to Closing in 7 Days

1

Identified Subdivision Opportunity

22 acres in Georgia priced for quick sale. Borrower planned to subdivide into smaller residential lots.

2

Acquisition Loan Approved

$118,400 at 14% interest-only. Closed in 7 days while the seller was still fielding offers from other buyers.

3

Lots Sold with Seller Financing

Borrower sold each lot separately over 10 months, generating multiple seller-financed notes.

The Takeaway

Subdivide and Sell Strategy

A 22-acre Georgia parcel purchased for $148,000 and subdivided into smaller lots. Damen Capital funded the acquisition. Borrower sold each lot separately with seller financing.

Closed in 7 days — no appraisal, no bank committee

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