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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Farmland Posted by Sara_CA on August 14, 2006 at 9:33 PM My buyer of a vacant 40-acre farm land wants 100% financing. I understand most agricultural lenders will finance 50%. I will agree to finance the other 50% to get this deal done. But I am not experienced in this. What interest rate to charge for a second mortgage on a farm land? How long? I am thinking of 9.8% interest only loan, balloon at end of 5 years. He does have good credit. Owns a house and other farmland. Am I charging reasonably? Are there any other possibilities or ideas to do this deal? Land is in Tulare County near Kings County in CA. $6.5K per acre. Alkaline soil, but terrific for building a big country house. Thanks in advance. Follow Ups: Buyer wants very long escrow Sara_CA 8:51 AM, 08/18/06 (1) Re: Buyer wants very long escrow Joseph 9:45 AM, 08/18/06 (0) Farmland lease option Sara_CA 2:15 PM, 08/17/06 (2) Re: Farmland lease option Joseph 9:38 AM, 08/18/06 (0) Farmland lease option Bill H 3:20 PM, 08/17/06 (0) Re: Farmland Sara_CA 1:31 AM, 08/16/06 (1) Re: Farmland Joseph 6:55 AM, 08/16/06 (0) Re: Farmland BILL H 8:57 AM, 08/15/06 (0) Re: Farmland Joseph 6:48 AM, 08/15/06 (0) Re: Farmland BigMike 11:43 PM, 08/14/06 (0) more to consider damien 10:42 PM, 08/14/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : My buyer of a vacant 40-acre farm land wants 100% financing. I understand most agricultural lenders will finance 50%. I will agree to finance the other 50% to get this deal done. But I am not experienced in this. What interest rate to charge for a second mortgage on a farm land? How long? I am thinking of 9.8% interest only loan, balloon at end of 5 years. He does have good credit. Owns a house and other farmland. Am I charging reasonably? Are there any other possibilities or ideas to do this deal? : Land is in Tulare County near Kings County in CA. $6.5K per acre. Alkaline soil, but terrific for building a big country house. : Thanks in advance. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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