Posted 1/14/2021 20:56 (#8751861 - in reply to #8751825) Subject: RE: Anyone ever get 2 or 3 loans on a farm to stair step payoffs?
Southeast Colorado
The last farm we bought they secured a 5 year pay back portion by using paid off machinery. The bulk of the land note was on a 20 year loan. After paying off the machinery portion last year we now have only the land portion which started at 60% of the land's value. Probably down near 50% or so now but haven't figured it that close.
Anyone ever get 2 or 3 loans on a farm to stair step payoffs?
