Loan Case Study — West Virginia

$69,600 Land Loan — West Virginia

A 42-acre West Virginia land acquisition financed with a $69,600 private land loan from Damen Capital Fund. Closed in 7 days, no appraisal, interest-only at 14%.

$87,000

Purchase Price

$69,600

Loan Amount

14%

Interest Rate

42 Acres

West Virginia

The Numbers

Deal Breakdown

The Acquisition

Property42 acres — West Virginia
Purchase Price$87,000
Down Payment$17,400 (20%)
Loan Amount$69,600
Interest Rate14% (interest-only)
Term24 months
Closing Timeline7 days

Loan Costs

Monthly Interest Payment$812/month
Hold Period9 months
Total Interest Paid$7,308
Closing Costs$600
Exit Fee (2%)$1,392
Total Cost of Capital$9,525
Borrower sold the large rural parcel with seller financing to a buyer who wanted off-grid land.
How It Worked

From Application to Closing in 7 Days

1

Rural Parcel Under Contract

42 acres in West Virginia at $87,000. Off-grid and rural lifestyle buyers were the target market.

2

Fast Private Loan

$69,600 at 14%, closed in 7 days. No bank would finance rural West Virginia acreage this quickly.

3

Sold with Owner Financing

Off-grid buyer purchased with seller financing. Note sold to Damen Capital at closing.

The Takeaway

Off-Grid Land, Off-Grid Financing

A 42-acre West Virginia parcel marketed to off-grid buyers. Seller financing made the resale accessible to buyers who could not get bank loans. Note sold at closing.

Closed in 7 days — no appraisal, no bank committee

Need a Land Loan Like This?

Get approved in 48 hours and close in 7 days. No appraisal, no bank review, direct funding.

Get a Free Quote → View Loan Program