need financing on rural acreage, Texas

Financing, Hard Money Lenders, Private Money
1

purchasing house on acreage, Can get conventional on house and 5 acres, but because the acreage all together (20) is worth more than 40% of the entire value of the property I am having to split the note into house and 5 acres. NEED FINANCING ON REMAINING 15 ACRES. Anyone know who will lend on raw acreage? Total appraised value of prop is 160K, house and 5 acres app. for 120K, SP 149K. Need small loan for remaining ASAP!!!

Thanks!!!

2

There are lenders available with terms comparable to conventional that should be able to do 60/40.

I cant give you an idea yet on terms as there are many other key pieces of info needed before quoting rates.

If you’re interested in more details we can catch up offline.