Land financing options

[Matthew Taylor]

I am looking at a piece of property that is 50 acres. It has some timber value as well as 10 or so tillable acres. This would be a long term investment with the benefits of recreational use and likelihood of homesites being developed or subdividing of the property. No home construction would take place for a couple of years. I am curious as to what my financing options would be for this type property. Owner has stated they may consider financing but that isn't ideal for them. I appreciate the feedback.

[Don Konipol]

Since the collateral is basically only attractive as per your personal use, with a very maybe income potential, the only loan available would be based almost entirely on your credit and personal income; i.e. a personal loan with the collateral taken as an addition.