This is Huntin’ Land, the podcast for landowners and land hunters. If you like to stay up to date on hunting tactics, land management, land values, and land market dynamics, this is the podcast for you. On this episode, Joe and Butch speak with Ben Elliot, a loan officer with Alabama Ag Credit, about financing landlocked property. Ben has years of experience helping people find the best financing options for their landlocked property.
They’ll discuss the current and future micro and macroeconomics influencing land loan rates, the concept of patronage and how it can lower the cost of borrowing, the benefits of financing now, regardless of whether rates rise or fall, the challenges faced by those trying to finance land without access, examples of scenarios in which this issue arises, potential financing options, and the potential opportunities with landlocked properties. We’ll also hear from Ben about a successful land financing without access scenario and the process used to secure the loan. Plus, Ben will share his recommendations for individuals and organizations seeking to finance land without access. So, let’s jump right in and learn all about financing landlocked property with Ben Elliot.
As a landowner, it is important to know what your land is worth. You may find yourself asking the questions like, “how much is my land worth today,” “how much is my land worth per acre,” “how much is timberland worth,” “what is my farmland worth,” “how much is agricultural land worth,” and other such questions. Many factors go in to determining the value of land and seeking out the wisdom of experts is a great place to find the answers to your questions.
Each week, on the Huntin’ Land Podcast, we will bring in various experts to help provide answers to the important questions landowners have.
Financing Landlocked Property Explained
What is landlocked property?
What are the challenges faced by those trying to finance land without access?
- Examples of scenarios where this issue arises
Exploring Possible Solutions
- Financing options and their limitations/benefits
- Do you have to obtain legal access before receiving financing for land locked property?
Opportunities with Landlocked Properties
- Example of successful land financing without access
- Explanation of the process that was used to secure financing
- Lessons learned from the case study
Are rates/terms, down payments, etc any different for landlocked properties?
This week’s show has been brought to you by Joe Baya and Clint Flowers, members of the top producing team at National Land Realty, the fastest growing and most innovative land brokerage in the nation. With hunting season right around the corner and interest rates at historic lows, now is a great time to be buying or selling land. If you want to learn more, shoot us an email at pros@landhuntin.com or call us at 855-NLR-LAND.
Show Sponsors:
Huntersmate Lowdown Trailer Viewer
Tune in each week as we bring in various experts to help provide answers to important land owner questions like, “how much is my land worth today,” “how much is my land worth per acre,” “how much is timberland worth,” “what is my farmland market worth,” “how much is agricultural land worth,” and other such questions. Many factors go in to determining the value of land and seeking out the wisdom of experts is a great place to find the answers to your questions.
