How are greenhouse and nursery properties financed?
Greenhouses and nurseries finance on the land plus permanent structures — glass or poly houses, heating plants, water systems — at typical LTVs of 50–70%. Container stock and plant inventory are excluded from collateral, the same way cattle are excluded on a ranch loan.
Appraisal treatment turns on permanence. Engineered glass ranges on foundations with permanent heat and power appraise as real property. Hoop houses that can be unbolted and moved are often classified as personal property or equipment, contributing little to the real estate value. Know which kind you are buying before you model the loan.
Specialized facilities carry marketability risk, and appraisers price it. A greenhouse range has a thinner buyer pool than open irrigated ground, so comps are scarcer and value opinions more conservative. Expect the appraisal to come in on the careful side and size your equity accordingly.
Utilities are the diligence list: gas or propane capacity for heating, electrical service for fans and controls, and water volume for peak irrigation. A range without adequate utility service is a liquidation-value asset.
The Turnrow angle
Turnrow lends on the real property — land, permanent structures, water — up to 70% of appraised value, with terms of 12–36 months. Inventory and rolling stock stay off the collateral.
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