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. Closed in 7 days, no appraisal, interest-only at 16%.

$83,000

Purchase Price

$66,400

Loan Amount

16%

Interest Rate

7 Acres

South Carolina

Deal Breakdown

The Acquisition

Property7 acres — South Carolina
Purchase Price$83,000
Down Payment$16,600 (20%)
Loan Amount$66,400
Interest Rate16% (interest-only)
Term24 months
Closing Timeline7 days

Loan Costs

Monthly Interest$885/month
Hold Period8 months
Total Interest Paid$7,083
Closing Costs$600
Exit Fee (2%)$1,328
Total Cost of Capital$9,211
Borrower resold the South Carolina acreage with seller financing 8 months after closing.
This loan was a vacant land flip: the borrower bought the South Carolina parcel at a discount and resold it with seller financing in 8 months. See how we fund land flips →

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 16% interest-only. 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.

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.

Closed in 7 days — no appraisal, no bank committee

Buying or selling land in the state? See our full South Carolina acreage financing and note buying page for rates, county coverage, and what to know about attorney closings, rollback taxes, and heirs property.

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