$525K Hobby Farm Purchase in Florida’s Horse Country

When a 35-acre property went up for sale, this Florida couple knew it was the perfect fit. What made it so special to the borrowers was the inclusion of a hobby farm with both a primary and secondary home. The main home is nestled among 200-year-old magnolia and pecan trees in Florida’s horse country. The home boasts a wrap-around screen porch and a two-car garage. In the kitchen are beautiful custom-built country kitchen cabinets. The guest retreat on the property was the perfect escape for visitors with a gorgeous gazebo and jacuzzi included. The interested buyers also wanted to use the land to grow a crop of peanuts but needed flexible financing to invest in this new endeavor.

The $535K loan package AgAmerica offered them included a line of credit they could use for any business purpose as need and allowed them to make substantially lower payments on the interest-only line of credit while their operation was established.