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North Carolina Land Loan — $439,400

$439,400

Loan Amount

135 Acres

North Carolina

51% Down

Borrower Equity

Deal Structure

North Carolina

Property135 acres — North Carolina
Property Value$1,300,000
Loan Amount$439,400
Down Payment$465,000 (51%)
Loan-to-Value0.33
Interest Rate16%
Monthly Payment$5,858.67
Term24 months (interest-only)
Closing Speed7 days
AppraisalNot required
The Deal

How This Loan Closed

A 135-acre property in North Carolina valued at $1.3 million. The borrower put down 51% ($465,000) and Damen Capital funded the remaining $439,400. With an LTV of just 0.33, this was one of the safest loans in our portfolio. The large acreage and strong equity position made this a straightforward close.

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