Tennessee Land Loan — $349,400

$349,400

Loan Amount

115 Acres

Tennessee

30% Down

Borrower Equity

Tennessee

Property115 acres — Tennessee
Property Value$600,000
Loan Amount$349,400
Down Payment$140,000 (30%)
Loan-to-Value0.58
Interest Rate16%
Monthly Payment$4,658.67
Term24 months (interest-only)
Closing Speed7 days
AppraisalNot required

How This Loan Closed

A 115-acre property in Tennessee valued at $600,000. The borrower put down 30% and Damen Capital funded $349,400 at 16% interest-only. Large acreage deals like this are exactly what banks avoid — the property was too rural and too large for conventional financing.

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