Loan Case Study — Ohio

$71,200 Land Loan — Ohio

A 15-acre Ohio land acquisition financed with a $71,200 private land loan from Damen Capital Fund. Closed in 7 days, no appraisal, interest-only at 14%.

$89,000

Purchase Price

$71,200

Loan Amount

14%

Interest Rate

15 Acres

Ohio

The Numbers

Deal Breakdown

The Acquisition

Property15 acres — Ohio
Purchase Price$89,000
Down Payment$17,800 (20%)
Loan Amount$71,200
Interest Rate14% (interest-only)
Term24 months
Closing Timeline7 days

Loan Costs

Monthly Interest Payment$831/month
Hold Period9 months
Total Interest Paid$7,479
Closing Costs$600
Exit Fee (2%)$1,424
Total Cost of Capital$9,728
Borrower held the parcel for 9 months before reselling to a cash buyer at a premium.
How It Worked

From Application to Closing in 7 Days

1

Distressed Seller Opportunity

15 acres in Ohio at $89,000. Seller needed to close quickly. Bank financing was unavailable for rural acreage.

2

Damen Capital Closed in 7 Days

$71,200 loan approved within 48 hours. Interest-only payments kept monthly carry low during the hold.

3

Sold to Cash Buyer

After 9 months of marketing, borrower sold to a cash buyer and paid off the Damen Capital loan.

The Takeaway

Patient Hold, Strong Return

A 15-acre Ohio parcel acquired below market. The borrower held for 9 months while marketing, then sold to a cash buyer at a significant markup over acquisition cost.

Closed in 7 days — no appraisal, no bank committee

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