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yanmink
318 Posts |
 Posted - 06/29/2009 : 1:18:24 PM
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| Anyone have a referral for agricultural (almond farm) refinance...hard money??? |
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javierf
142 Posts |
Posted - 06/29/2009 : 1:55:05 PM
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Hobby Farm/Ranch Loan Program up to $3M
Program Highlights
680 fico up to $400k
700 fico, $401k - $1M
720 fico, $1M - $3M
OO, SFR, 2nd home (1 unit only)
Purschase, R/T, C/O
Hobby income only (must have primary income from other employment)
Vineyards, fruit orchards, horse ranch, etc.
No min/max Acreage (<5 acres, min of $5k/yr farm income-ineligible)
Dwelling >=25% appraised value
Ratios: 28/36% (no exceptions)
Available in 50 States
Loan Amounts
$417k - $650k to 80% ltv*
$651k - $900k to 75% ltv*
$901k - $1.5M to 70% ltv*
$1.5M - $2M to 60% ltv**
$2M - $3M to 60% ltv***
30 yr fixed example: 5.75% with 1 pt cost
* sfr with c/o: 10% ltv reduction, 2nd hm 15% ltv reduction (pur, r/t, c/o)
** sfr with c/o, 5% ltv reduction, 2nd hm 10% ltv reduction (pur, r/t, c/o)
*** sfr with c/o, 5% ltv reduction, 2nd hm not available
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rainmand
5205 Posts |
Posted - 06/29/2009 : 4:24:02 PM
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| Does your Hobby Farm program allow Manufactured Homes? |
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Commercial_Hitma
98 Posts |
Posted - 06/29/2009 : 4:42:13 PM
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| Two lenders who used to have a niche in ag land were Suntrust and Chase, so give them a shot and let us know if they still do. |
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stuartg
232 Posts |
Posted - 07/02/2009 : 3:32:47 PM
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Please send a summary, use of funds, and financials on property/business and borrower and I should be able to give you a prompt answer.
Very Best,
Stuart G Lewis
Managing Director
Brinkabar, Inc.
9595 Wilshire Blvd., Suite 900
Beverly Hills, CA 90212
310-300-8463 Tel
310-496-0588 Fax
slewis@brinkabar.com
www.brinkabar.com
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jskolnick
291 Posts |
Posted - 07/02/2009 : 3:35:33 PM
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Yan
We work with a very good ag lender.
Please feel free to contact me at any time to discuss your loan scenario.
We are commercial mortgage brokers.
We can arrange any type of asset based lending. From lines of credit to accounts receivable, purchase order, equipment financing to real estate. We maintain relationships with a variety of different banks. This gives us the ability to offer the best terms for loans from $500,000.00 and up. Loans can be submitted through our web site, www.greenmountainfs.com, via e-mail to greenmountainfs@gmail.com or call us at 516-596-1456.
Jerry Skolnick
Green Mountain Financial Services, Ltd.
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champakstmtn
19 Posts |
Posted - 07/05/2009 : 9:46:06 PM
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No Need to get Hard Money --if there is enough
income - cash flow-- and value of the property.
Need to know what state property(buinses )is located
in and how much minimum loan required.
Contact via email..if you wish : champakstmtn@bellsouth.net
Champak C Shah
RIPA Financial Servcies, Inc
404 488 6137
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champakstmtn
19 Posts |
Posted - 07/05/2009 : 9:46:26 PM
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No Need to get Hard Money --if there is enough
income - cash flow-- and value of the property.
Need to know what state property(buinses )is located
in and how much minimum loan required.
Contact via email..if you wish : champakstmtn@bellsouth.net
Champak C Shah
RIPA Financial Servcies, Inc
404 488 6137
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