EQUESTRIAN PROPERTY FINANCING I am looking for a recommendation for a lender who can write a mortgage on an income producing equestrian facility with a residential dwelling on the property. Anyone?

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Jenna Dixon, 55 & Over | New Constructions | Horse Farms (Momentum Real Estate Group LLC)

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Rainmaker
2,538,633

Joe Petrowsky

Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT

Your Mortgage Consultant for Life

Good morning Jenna. I have referred that business to local banks, they do not need to follow the same rules as we do. They would portfolio the loan and the rates would usually be very good.

Jun 11, 2015 06:55 PM

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Rainmaker
3,986,308

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

AG STAR is a farm lender...Not sure it they are in your area, but worth a look.

Jun 11, 2015 09:50 AM

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Rainmaker
914,198

Jeff Pearl

RE/MAX Distinctive / LIC in VA - Lovettsville, VA

Full Service Full Time Realtor

Most lenders here do those loans, but whatever business income is produced from the farm isn't used to valuate the real estate. Maybe check with Presidential Mortgage, or maybe you have something like http://www.farmcreditofvirginias.com in your area that could guide you? It's probably going to be tough with only 3 acres.

Jun 11, 2015 09:17 AM

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Rainer
135,824

Jerrill Ewing

N & J Lake Properties, LLC - Eatonton, GA

Builder

try AgSouth Mortgage 888-327-3969x5 Kellie Conway

Jun 11, 2015 08:18 AM

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Rainmaker
4,800,132

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Sounds like a commercial loan.

Feb 14, 2019 09:30 AM

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Rainmaker
3,071,589

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

Hopefully you found someone...

Apr 20, 2018 04:57 AM

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Rainmaker
1,242,204

Sam Shueh

(408) 425-1601 - San Jose, CA

mba, cdpe, reopro, pe

Our hoa is equstrain but we are zoned R1. Just regular mortgage.

Some homes are zoned as Ag and one can get a different type of business loan.

Jun 11, 2015 09:50 AM

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Rainer
420,003

Caroline Gerardo

Licensed in 20 states - Newport Beach, CA

C. G. Barbeau the Loan Lady nmls 324982

Here's the "pickle" as in baseball - a residential appraisal isn't going to give value to the commercial aspect of the property. A house and barn can be compared to other acreage properties that have sold in past 90+ days. IF it has a creek or trees or view these also have value adjustments upwards. The value of specific stalls, pens, rings, training equipment isn't going to add much as these items are for the income production of the training. Send me the parcel APN or address

Jun 11, 2015 07:41 AM

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Good morning Jenna. I have referred that business to local banks, they do not need to follow the same rules as we do. They would portfolio the loan and the rates would usually be very good.
AG STAR is a farm lender...Not sure it they are in your area, but worth a look.
Most lenders here do those loans, but whatever business income is produced from the farm isn't used to valuate the real estate. Maybe check with Presidential Mortgage, or maybe you have something like http://www.farmcreditofvirginias.com in your area that could guide you? It's probably going to be tough with only 3 acres.
Our hoa is equstrain but we are zoned R1. Just regular mortgage.

Some homes are zoned as Ag and one can get a different type of business loan.
Here's the "pickle" as in baseball - a residential appraisal isn't going to give value to the commercial aspect of the property. A house and barn can be compared to other acreage properties that have sold in past 90+ days. IF it has a creek or trees or view these also have value adjustments upwards. The value of specific stalls, pens, rings, training equipment isn't going to add much as these items are for the income production of the training. Send me the parcel APN or address