---
title: Commercial Loans and Fun Blog | farm loans
description: farm loans | George Blackburne, owner, offers insight into the commercial loans and mortgage industry in this Commercial Real Estate Loan Tips blog.
---

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# Commercial Loans and Fun Blog

## [Hard Money Farm Land Loans From Blackburne & Sons](https://info.c-loans.com/bid/75081/hard-money-farm-land-loans-from-blackburne-sons)

 Posted by [George Blackburne](https://info.c-loans.com/author/george-blackburne) on Wed, May 9, 2012

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

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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.

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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.

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