Ohio Land Loan — $259,400

$259,400

Loan Amount

10 Acres

Ohio

42% Down

Borrower Equity

Ohio

Property10 acres — Ohio
Property Value$500,000
Loan Amount$259,400
Down Payment$195,000 (42%)
Loan-to-Value0.52
Interest Rate16%
Monthly Payment$3,458.67
Term24 months (interest-only)
Closing Speed7 days
AppraisalNot required

How This Loan Closed

A 10-acre property in Ohio valued at $500,000. The borrower put down 42% and financed $259,400 through Damen Capital. Strong equity position with a 0.52 LTV. Closed in 7 days with no appraisal required.

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