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Raw Land Lenders #8218606 03/29/21 02:18 PM
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erathar Offline OP
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I need suggestions for lenders for raw land. It's only 11 acres. Location probably isn't that important, but it's just north of Edna. A good deal just came up for sale and I'm trying to make something happen quickly.

Re: Raw Land Lenders [Re: erathar] #8218629 03/29/21 02:31 PM
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How much money?


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Re: Raw Land Lenders [Re: erathar] #8218648 03/29/21 02:51 PM
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Local independent bank.


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Re: Raw Land Lenders [Re: erathar] #8218649 03/29/21 02:51 PM
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Capital Farm Credit is the best in the business, from my experience.

Re: Raw Land Lenders [Re: Kevin_M] #8218676 03/29/21 03:16 PM
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Espy Online Content
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Originally Posted by Kevin_M
Capital Farm Credit is the best in the business, from my experience.


Like Kevin said Capital farm credit. They are a co-op great people

Re: Raw Land Lenders [Re: Espy] #8218733 03/29/21 04:08 PM
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Originally Posted by Espy
Originally Posted by Kevin_M
Capital Farm Credit is the best in the business, from my experience.


Like Kevin said Capital farm credit. They are a co-op great people

Id go with this. We used them for our place. If you can get by with short term financing and have a good relationship with a local bank you may be able to do better.

We ended up going with capital farm because i wanted to keep my payment as low as i could so went for a 30 year, they are pretty much the only game in town for longer term land loans. We will pay it off way before the 30 years, but i always borrow longer than i need if that makes sense.


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Re: Raw Land Lenders [Re: Espy] #8218735 03/29/21 04:09 PM
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Originally Posted by Espy
Originally Posted by Kevin_M
Capital Farm Credit is the best in the business, from my experience.


Like Kevin said Capital farm credit. They are a co-op great people


Yep This ^^^^


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Re: Raw Land Lenders [Re: Kevin_M] #8218740 03/29/21 04:12 PM
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Originally Posted by Kevin_M
Capital Farm Credit is the best in the business, from my experience.


Yep, used them a few times, and always had good dealings.

Re: Raw Land Lenders [Re: bill oxner] #8218770 03/29/21 04:38 PM
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erathar Offline OP
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Originally Posted by bill oxner
How much money?



Probably around 70k.

Capital Farm Credit does not service Jackson County unfortunately.

Re: Raw Land Lenders [Re: erathar] #8218775 03/29/21 04:42 PM
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What about Texas Land Bank?

Re: Raw Land Lenders [Re: erathar] #8219007 03/29/21 08:01 PM
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Any bank. Pull out home equity loan for lowest rate

Re: Raw Land Lenders [Re: erathar] #8219030 03/29/21 08:28 PM
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Originally Posted by erathar
Originally Posted by bill oxner
How much money?



Probably around 70k.

Capital Farm Credit does not service Jackson County unfortunately.

Did you call them?

Just because they do not have an office in a county doesnt mean they dont service it. You may well be right, but I would be surprised to find out they didnt lend it Jackson County.


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Re: Raw Land Lenders [Re: redchevy] #8219075 03/29/21 09:06 PM
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I filled out the loan app online and that is what they responded with. I thought that was strange as they evidently have an office in Edna.

Re: Raw Land Lenders [Re: erathar] #8219091 03/29/21 09:30 PM
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Is the land anywhere near the tributaries to Lake Texana.?


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Re: Raw Land Lenders [Re: erathar] #8219325 03/30/21 12:41 AM
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Originally Posted by erathar
I need suggestions for lenders for raw land. It's only 11 acres. Location probably isn't that important, but it's just north of Edna. A good deal just came up for sale and I'm trying to make something happen quickly.

North of Edna on 111? Near Morales?



Re: Raw Land Lenders [Re: erathar] #8219344 03/30/21 12:53 AM
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Lots of customer owned Ag Credit lenders in Texas that will be willing to work with you but you will most likely need at least 20% down.


Re: Raw Land Lenders [Re: bill oxner] #8219394 03/30/21 01:22 AM
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Originally Posted by 68rustbucket
Originally Posted by erathar
I need suggestions for lenders for raw land. It's only 11 acres. Location probably isn't that important, but it's just north of Edna. A good deal just came up for sale and I'm trying to make something happen quickly.

North of Edna on 111? Near Morales?



Just south of it.

Originally Posted by bill oxner
Is the land anywhere near the tributaries to Lake Texana.?



Just west of the Navidad River.

Re: Raw Land Lenders [Re: Big_Country01] #8219397 03/30/21 01:22 AM
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Originally Posted by Big_Country01
Lots of customer owned Ag Credit lenders in Texas that will be willing to work with you but you will most likely need at least 20% down.



No problem with that. Number above is the principal amount, not the land price.

Last edited by erathar; 03/30/21 01:23 AM.
Re: Raw Land Lenders [Re: erathar] #8219398 03/30/21 01:24 AM
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erathar Offline OP
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I thought there was an Ag Credit lenders on THF. I was hoping he would surface.

Re: Raw Land Lenders [Re: erathar] #8219405 03/30/21 01:29 AM
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He's in the non hunting classifieds


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Re: Raw Land Lenders [Re: erathar] #8219532 03/30/21 03:01 AM
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I’ve used lone star ag credit on three deals now and they have been great. Walker daily out of the Paris office is awesome.


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Re: Raw Land Lenders [Re: erathar] #8219543 03/30/21 03:13 AM
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Re: Raw Land Lenders [Re: erathar] #8219554 03/30/21 03:28 AM
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Might look into private money lenders if you plan on paying it off quickly.

Re: Raw Land Lenders [Re: erathar] #8220247 03/30/21 09:28 PM
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Thanks for the PM!

Best resource to find out who can service your target market is www.FindFarmCredit.com

We can lend money if you LIVE in a county we serve, or if you are BUYING in a county we serve.

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