Loan Case Study — Mississippi

$44,000 Land Loan — Mississippi

A 25-acre Mississippi land acquisition financed with a $44,000 private land loan from Damen Capital Fund. Closed in 7 days, no appraisal, interest-only at 16%.

$55,000

Purchase Price

$44,000

Loan Amount

16%

Interest Rate

25 Acres

Mississippi

The Numbers

Deal Breakdown

The Acquisition

Property25 acres — Mississippi
Purchase Price$55,000
Down Payment$11,000 (20%)
Loan Amount$44,000
Interest Rate16% (interest-only)
Term24 months
Closing Timeline7 days

Loan Costs

Monthly Interest Payment$587/month
Hold Period11 months
Total Interest Paid$6,457
Closing Costs$600
Exit Fee (2%)$880
Total Cost of Capital$8,212
Large rural parcel sold with seller financing to a buyer seeking recreational land 11 months after acquisition.
How It Worked

From Application to Closing in 7 Days

1

Value Play in Mississippi

25 acres at $55,000 — below comparable sales in the area. Motivated seller needed a fast close.

2

Private Loan Approved Fast

$44,000 at 16% interest-only. Approved in 48 hours, closed in 7 days.

3

Recreational Buyer Found

Sold with seller financing 11 months later to a recreational land buyer. Note retained by borrower.

The Takeaway

Low Price Per Acre, Strong Returns

A 25-acre Mississippi parcel at roughly $2,200 per acre. The borrower marketed to recreational buyers and resold with seller financing, retaining the note for ongoing income.

Closed in 7 days — no appraisal, no bank committee

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