Loan Case Study — Texas

$76,000 Land Loan — Texas

A 12-acre Texas land acquisition financed with a $76,000 private land loan from Damen Capital Fund. Closed in 7 days, no appraisal, interest-only at 14%.

$95,000

Purchase Price

$76,000

Loan Amount

14%

Interest Rate

12 Acres

Texas

The Numbers

Deal Breakdown

The Acquisition

Property12 acres — Texas
Purchase Price$95,000
Down Payment$19,000 (20%)
Loan Amount$76,000
Interest Rate14% (interest-only)
Term24 months
Closing Timeline7 days

Loan Costs

Monthly Interest Payment$887/month
Hold Period8 months
Total Interest Paid$7,096
Closing Costs$600
Exit Fee (2%)$1,520
Total Cost of Capital$9,416
Borrower resold the parcel with seller financing 8 months later. The private loan gave them speed to close before a competing offer.
How It Worked

From Application to Closing in 7 Days

1

Borrower Found the Parcel

A 12-acre Texas parcel priced at $95,000. The seller needed to close in under 2 weeks.

2

Damen Capital Quoted in 24 Hours

Loan approved at $76,000 — 80% LTV, 14% interest-only, 7-day closing, no appraisal.

3

Closed and Resold for Profit

Borrower closed in 7 days and resold 8 months later with seller financing, collecting a down payment and note.

The Takeaway

Speed Won the Deal

The seller had two offers. The borrower closed in 7 days with a Damen Capital loan while the competing buyer was still waiting on bank approval.

Closed in 7 days — no appraisal, no bank committee

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