Private land loans and note purchasing throughout Michigan — Upper Peninsula wilderness, Great Lakes shoreline, inland lake properties, and southern agricultural land. 7-day closings, no appraisal required.
Michigan has one of the most diverse land markets in the Midwest — 11,000 inland lakes, two peninsulas, Great Lakes frontage, and strong suburban growth south of Grand Rapids and Detroit. Banks won't lend on most of it. We will.
Close fast and beat other buyers
Statewide Michigan coverage
We value the land ourselves
Sell on terms, our loan stays in place. How wraps work
We finance land deals throughout Michigan for investors who need to close fast. Lakefront properties, UP wilderness tracts, suburban lots near Grand Rapids and Detroit, agricultural parcels — we underwrite on the property, not your tax returns.
Sold Michigan land with seller financing? We buy your promissory note at closing for 80-90% of the balance. Cash now, no waiting years for monthly payments. No seasoning required — we purchase at origination.
Northwest Michigan's premier destination. High demand for lakefront, cherry orchard land, and vineyard properties. Tourism-driven market with strong appreciation.
Suburban expansion driving demand for residential building lots. Ann Arbor and surrounding communities offer steady growth.
West Michigan's fastest-growing metro. Strong demand for suburban residential lots and recreational acreage near Lake Michigan.
Remote wilderness with pristine lakes, forests, and Lake Superior shoreline. Strong market for hunting land, cabin sites, and recreational parcels.
Petoskey, Boyne City, and Gaylord areas popular for vacation properties. Ski resort proximity and inland lakes drive demand.
Lake Michigan beach communities and agricultural land. Popular with Chicago buyers for weekend retreats and vacation homes.
Michigan land loans from us are for investors and businesses buying vacant land to resell, hold, or split. That covers most of what trades in the state: lake and recreational land around Traverse City in Grand Traverse, Leelanau, and Benzie Counties, Northern Lower Peninsula parcels in Emmet, Charlevoix, Antrim, and Otsego, hunting land and cabin sites in the Upper Peninsula, and West and Southwest Michigan acreage in Kent, Ottawa, Allegan, and Van Buren.
We’ve closed 21 land loans across 9 Michigan counties. See every one on our Where We Lend map.
Loan size runs from $30,000 to $1,000,000 and is up to 65% of value, capped at 80% of the purchase price. Rates are 14% interest only on loans of $100,000 and up and 16% under $100,000, for a 2 year term, with no points at closing. Costs outside the rate are simple: $600 at closing, $25 a month for servicing, a 2% exit fee at payoff, and a 5 month minimum on interest. There is no appraisal. We underwrite from the contract price, recent sold comps, road access, and how fast similar parcels have sold in that county. If the numbers work, you get a written quote within 24 hours and close in as little as 7 days through a Michigan title company.
The parcel has to be at least 2 acres with deeded or recorded easement access. If you plan to split the land, read Michigan's Land Division Act first, because it limits how many parcels you can create from one tract without platting. We cover it in land split vs. subdivision. Up north, many parcels sit on seasonal roads, and buyers will ask about year round access. Michigan allows foreclosure by advertisement, outside of court, but we still lend on access, clean title, and resale demand first.
A borrower bought a 6 acre Michigan parcel near lake country for $78,000, brought 20% down ($15,600), and we funded $62,400 at 16% interest only, about $832 a month. The loan closed in 7 days with no appraisal. The borrower resold the parcel with seller financing 8 months later and paid us off at that closing. Total cost of capital, including interest, the $600 closing fee, servicing, and the 2% exit fee, was $8,704. See the full Michigan case study.
Looking to buy Michigan land with owner financing? Many sellers across the state offer seller-financed terms on vacant land — from Upper Peninsula recreational land to suburban lots near Detroit and Grand Rapids to northern lakefront properties. Owner financed land gives buyers flexible terms and faster closings without bank approval.
If you're a land investor selling owner financed land in Michigan, we can buy your promissory note at closing — turning your seller-financed deal into immediate cash. Or if you're looking to buy Michigan land, our acquisition loans close in 7 days with no appraisal required.
Yes. Damen Capital provides private land loans throughout Michigan. Loans from $30K to $1M, interest-only, 7-day closings, no appraisal required. We serve all 83 counties.
Yes. We purchase seller-financed vacant land promissory notes in Michigan at 80-90% of the current balance. No seasoning required.
We finance lakefront properties, Upper Peninsula wilderness tracts, recreational land, suburban residential lots, and agricultural parcels throughout Michigan. Minimum 2 acres, minimum $30K loan.
20% of the purchase price. We lend up to 65% of value, capped at 80% of the purchase price, on loans from $30,000 to $1,000,000.
Yes. We fund tracts you plan to split, with partial releases as lots sell. Check the Land Division Act first, since it limits how many parcels you can create without a plat.
Michigan lets you split a parent parcel a set number of times without a plat, and that number jumps in 2027.
Under the Land Division Act, you can divide a parent parcel into a limited number of parcels without platting. The township has 45 days to approve a complete application. Public Act 58 of 2025 raises the first 10 acres from 4 parcels to 10, statewide on March 24, 2027. Townships have been able to allow more since March 24, 2026.
County rules on lot size, frontage, and minor vs. major splits sit on top of this, so call the planning office before you buy. For financing, we lend up to 80% of the purchase price if the plat records at closing and every lot passes perc, or 65% at closing plus a 15% holdback released when the plat records and every lot passes perc, never more than 65% of value. See our subdivision loans and the subdivision rules by state guide.
Sources: MCL 560.109, Van Buren County, Michigan Advance. General information, not legal advice.
Yes. We are a direct hard money and private money lender for vacant land in Michigan. We fund land flips, subdivides, and land you plan to sell on terms, from $30K to $1M at 14% to 16% interest only, with 20% down, no appraisal, no points at closing, and about 7 days to close.
Some people search for a private money lender, others for a hard money lender. On land it is the same loan. Most of those lenders fund houses and pass on raw land. Land is all we lend on, and we fund our own loans with no broker in the middle. Every loan is for business purposes with a personal guarantee.
Hard money lender for land: see our terms →Whether you're selling a land note or financing your next acquisition in the Great Lakes State, we'll give you a clear quote within 24 hours.
Sold Michigan land with seller financing? We purchase seller financed land notes at 80 to 90% of balance: $50,000 minimum property value, $25,000 minimum balance, no seasoning required, performing and non-performing, written offer in 24 hours, closings in about 7 days.
See what your note is worth → · How note selling works · Document checklist