Featured LoanPrivate Money Agricultural Loan
Loan Amount: $600,000
Loan-To-Value: 25% LTV
Term: 5 Years
Situation & Challenge
A rancher needed a private money loan to upgrade equipment and increase operating capital. Private money financing for agricultural properties isn’t easy to source. However, there are a few investment funds experienced in funding agricultural properties.
The big challenge was getting the appraisal done. It took a couple months to get the finished report back due to lack of available appraisers in a rural area.
Solution & Result
Once the appraisal report came in, the investment fund that provided financing issued a $600,000 first trust deed for five years. The private money loan provided the rancher with capital for equipment and additional liquidity.