Loan Case Study — North Carolina

$51,200 Land Loan — North Carolina

A 8-acre North Carolina land acquisition financed with a $51,200 private land loan from Damen Capital Fund. Closed in 7 days, no appraisal, interest-only at 16%.

$64,000

Purchase Price

$51,200

Loan Amount

16%

Interest Rate

8 Acres

North Carolina

The Numbers

Deal Breakdown

The Acquisition

Property8 acres — North Carolina
Purchase Price$64,000
Down Payment$12,800 (20%)
Loan Amount$51,200
Interest Rate16% (interest-only)
Term24 months
Closing Timeline7 days

Loan Costs

Monthly Interest Payment$683/month
Hold Period7 months
Total Interest Paid$4,781
Closing Costs$600
Exit Fee (2%)$1,024
Total Cost of Capital$6,580
Borrower resold the parcel to a buyer with seller financing 7 months later, then sold the resulting note to Damen Capital.
How It Worked

From Application to Closing in 7 Days

1

Parcel Under Contract

8 acres in North Carolina at $64,000. Borrower needed to close in under 2 weeks.

2

Funded in 7 Days

$51,200 loan at 16% interest-only. No appraisal, no bank committee.

3

Resold with Seller Financing

Borrower resold with owner financing and sold the note to Damen Capital at closing.

The Takeaway

Buy, Finance, Sell the Note

The borrower used a Damen Capital loan to acquire the parcel, then resold it with seller financing. Damen Capital also purchased the resulting note — a full-cycle deal.

Closed in 7 days — no appraisal, no bank committee

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