Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

3,409
Posts
4,011
Votes
Charlie MacPherson
  • China, ME
4,011
Votes |
3,409
Posts

Working equestrian property - residential? Commercial?

Charlie MacPherson
  • China, ME
Posted

I'm working to sell an equestrian property in a very high priced town in the Boston, MA area.  Gorgeous colonial home, 10 acres, 25 stalls renting at $1,000/month each plus a guest house renting at $2000/month, plus other outbuildings, paddocks, tack building, etc.  We're priced in the $2M range.

If someone wants to buy this property and live there, will they be able to get a standard (jumbo) residential loan?  Or will they need a commercial loan because it's capable of generating so much income?

If it's commercial, what would a loan package look like in terms of down payment and interest rates vs a residential loan?

Loading replies...