Texas Land Loan — $549,400

$549,400

Loan Amount

40 Acres

Texas

34% Down

Borrower Equity

Deal Structure

Texas

Property40 acres — Texas

Property Value$850,000

Loan Amount$549,400

Down Payment$278,000 (34%)

Loan-to-Value0.65

Interest Rate16%

Monthly Payment$7,325.33

Term24 months (interest-only)

Closing Speed7 days

AppraisalNot required

The Deal

How This Loan Closed

A 40-acre property in Texas valued at $850,000. The borrower put down 34% and Damen Capital funded $549,400 at 16% interest-only. This was one of our largest single-property loans, closed in 7 days with no appraisal.

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