Commercial Loans and Fun Blog

Hard Money Farm Land Loans From Blackburne & Sons

Posted by George Blackburne on Wed, May 9, 2012

Blackburne & Sons may be the only hard money farm land lender in the country.  We love making hard money loans on farm land.

Free List of 3,159 Commercial Lenders  Sort By Your Own Criteria

Why farm land?  Farm land is the only class of real estate that has appreciated since the start of the Great Recession.  Blackburne & Sons is so bullish on farm land that we actually put together eleven little syndicates to buy farms here in Northern Indiana.  Those syndicates did well.  We have already sold seven of them for a handsome profit.

Click me

The typical loan is 12.9% to 13.9%, 3 to 5 points, 25 years amortized, due in two years, with no prepayment penalty.  We will lend between 40% and 65% of value, depending on the borrower's income and credit.  We might go as high as 70% LTV on a purchase, if the buyer was putting down 30%.

Mortgage brokers should prominently emphasize the availability of hard money farm loans in their flyers and newsletters because they will have very little competition.  This is a fast and  easy way to earn a large commission.

If you found this article to be instructive, I strongly encourage you to subscribe to our blog via email.  To get a copy of each new training blog article as it comes out, without having to remember to come back, please fill in your email address in the space provided on the right.

Lastly, if you're a buddy or a former student of mine, would you please do me the great kindness of hitting the Like button, the Google+1 button, and the Linked-In Share button above.  Thanks so much.  :-)

Submit Your Loan to 750 Commercial   Lenders Using  It's Free!

Click me

Click me

Click me

Commercial Mortgage Brokers:  Buy Cheap Commercial Leads

Topics: farm loans