Loan Case Study — Tennessee

$89,600 Land Loan — Tennessee

A 18-acre Tennessee land acquisition financed with a $89,600 private land loan from Damen Capital Fund. Closed in 7 days, no appraisal, interest-only at 14%.

$112,000

Purchase Price

$89,600

Loan Amount

14%

Interest Rate

18 Acres

Tennessee

The Numbers

Deal Breakdown

The Acquisition

Property18 acres — Tennessee
Purchase Price$112,000
Down Payment$22,400 (20%)
Loan Amount$89,600
Interest Rate14% (interest-only)
Term24 months
Closing Timeline7 days

Loan Costs

Monthly Interest Payment$1,045/month
Hold Period11 months
Total Interest Paid$11,495
Closing Costs$600
Exit Fee (2%)$1,792
Total Cost of Capital$14,162
Borrower subdivided and sold three lots individually over 11 months, using seller financing on each.
How It Worked

From Application to Closing in 7 Days

1

Subdivision Strategy Identified

18 acres in Tennessee purchased for $112,000. Borrower planned to split into three lots.

2

Fast Close on the Acquisition

$89,600 loan closed in 7 days. Borrower immediately began marketing the individual lots.

3

Three Lots Sold

Each lot sold with seller financing over 11 months. Multiple notes created from a single acquisition.

The Takeaway

Three Lots, Three Notes

An 18-acre Tennessee parcel subdivided into three lots and sold individually with seller financing. Damen Capital funded the acquisition and later purchased one of the resulting notes.

Closed in 7 days — no appraisal, no bank committee

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