USDA loans
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  1. #1
    Senior Member Reputation points: 752
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    Chicago, IL
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    USDA loans

    I'm getting a ton of deals in the agriculture world (non producing and producing farmland) for deals. Most of these do not have a house or a lodging built, but do have years of production history.

    Does the USDA cover these scenarios?

    PS -- I do not need anything that won't amortize over 10-25 years. The loans range in sizes from $250,000 -- $2.5MM. Most of the owners are credit poor but asset rich (other land, tractors, trailors, farming equipment, etc).

  2. #2
    Senior Member Reputation points: 54989
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    if they have revenues. We will make offers in a few hours / Perhaps we request fewest stips in mca? / funds hours after contract-back-in.

    We have funded many farms. we love our farmers!
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  3. #3
    Senior Member Reputation points: 503040
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    Marcus, are you saying Mantis now does USDA-BI loans now?

  4. #4
    Senior Member Reputation points: 752
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    No WestCoast, he's just spamming the post to get every deal to Cresthill without reading the deal specifics.

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