Loan Case Study — South Carolina

$66,400 Land Loan — South Carolina

A 7-acre South Carolina land acquisition financed with a $66,400 private land loan from Damen Capital Fund. Closed in 7 days, no appraisal, interest-only at 14%.

$83,000

Purchase Price

$66,400

Loan Amount

14%

Interest Rate

7 Acres

South Carolina

The Numbers

Deal Breakdown

The Acquisition

Property7 acres — South Carolina
Purchase Price$83,000
Down Payment$16,600 (20%)
Loan Amount$66,400
Interest Rate14% (interest-only)
Term24 months
Closing Timeline7 days

Loan Costs

Monthly Interest Payment$775/month
Hold Period8 months
Total Interest Paid$6,200
Closing Costs$600
Exit Fee (2%)$1,328
Total Cost of Capital$8,328
Borrower resold the South Carolina acreage with seller financing 8 months after closing.
How It Worked

From Application to Closing in 7 Days

1

Lowcountry Parcel Found

7 acres in South Carolina at $83,000. Strong buyer demand from the coastal market.

2

Funded in 7 Days

$66,400 at 14% interest-only. No appraisal needed. Borrower closed before other offers materialized.

3

Resold with Owner Financing

Sold 8 months later with seller financing. Note purchased by Damen Capital at resale closing.

The Takeaway

Lowcountry Flip with Seller Financing

A 7-acre South Carolina parcel in a market with strong buyer demand. Seller financing expanded the buyer pool at resale, and the note was sold to Damen Capital at closing.

Closed in 7 days — no appraisal, no bank committee

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