BiggerPockets

Profitable, 240 acre farm with 35,000 acre range rights in Nyssa, Oregon. Beef, hay, corn, alfalfa.

2 years ago had a credit score of 720 and began attempts to refinance a 12.5% loan. I've been paying nearly $9,000/month for 3 years... now though, these payments had previously caused me to get a bit behind on a couple payments, and credit score has taken a significant dip to around (possibly just under) 600. 2 years ago property appraised for $2 million, and recently appraised for around 1.5 million. Owe around $850,000. Desperate for a refinance/or new loan to pay off the old one.

Have the possibility of bringing 1 or 2 partners/co-signors aboard, each of which make $45-50k/year. Current government guarantees and farm loans I'm not eligible for. At risk of losing everything I've worked for the last 15 years. Your advice, insights, and/or response is sincerely appreciated.

Tax returns show profit the last 3 years. Additionally, you apparently have no understanding of and know nothing about farming, as it is an entirely different beast from a traditional RE loan or investing... so why add your .02? I honestly don't see the purpose or understand the intent of your bothering to post a response. Thanks for the education on the word "profit" though.

Anybody else? SINCERE, non-condescending insights or advice are truly appreciated.

You are correct in that farms are a different animal with regards how lenders underwrite them.

While I would love to help you, I would be more of a hindrance since I've never closed a farm deal.

I do have farm lenders in my database, so perhaps you can contact them and see if they can help you. All of them are real, and will work directly with borrowers.

• Farm Credit
• Wells Fargo- 1-866-385-3646
• Farm Plus Financial
• Farm Credit Services