Can I finance a hobby farm or agritourism property that produces income?
Yes, if the loan is business-purpose and you do not live there. A farm stand, U-pick orchard, event barn, or boarding operation held in an LLC as an investment qualifies. Turnrow lends on these up to $1.5M at up to 70% LTV — no tax returns, soft credit pull.
The line lenders draw is occupancy and purpose, not size. A 15-acre lavender farm with a wedding venue is perfectly financeable as an investment property. The same property becomes a consumer loan — different regulations, different lenders — the moment it is your primary residence or the loan proceeds fund personal expenses.
Agritourism income rarely shows up in the appraisal directly. The appraiser values the land and improvements; the event business is operational upside. Price your offer accordingly: do not pay a business multiple for real estate an appraiser will value on land comps.
Zoning is the real diligence item. Event venues, farm stays, and commercial kitchens often require conditional use permits. Confirm the county actually permits the income activity before you close — an appraisal assumes legal use.
The Turnrow angle
Turnrow requires non-owner-occupied, business-purpose use. Hold the property in an LLC, trust, or partnership, rent it or run it as a venture, and it underwrites like any other ag asset.
Related questions
Five minutes, zero documents, and a written term sheet in 24–48 hours answers most questions faster than reading.
Get a term sheet