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Financing for raw land
Posted on 5/5/23 at 8:19 pm
Posted on 5/5/23 at 8:19 pm
I have an opportunity to buy 334 acres of raw land planted in loblolly pines.
Does anyone have any good ideas on financing a purchase like this? At $3500/acre it's roughly 1.169MM and the best I've been quoted so far is 10% interest from a bank I've dealt with in the past. Are there any ways to deal with a bank on this and not get killed in Interest?
Does anyone have any good ideas on financing a purchase like this? At $3500/acre it's roughly 1.169MM and the best I've been quoted so far is 10% interest from a bank I've dealt with in the past. Are there any ways to deal with a bank on this and not get killed in Interest?
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