Commercial Financing for Agricultural Expansion

Loan Priority

1st Mortgage

Loan Amount

$5,600,000

Loan to Value (LTV)

60%

Loan Purpose

The borrowers, self-employed owner-operators of a successful farm supply business, were seeking to purchase multiple agricultural properties and tractors. While the borrowers were financially strong, their financial statements were slightly behind. We were able to move quickly because the borrower brought equity-rich collateral to the transaction, enabling them to grow their real estate portfolio. Once their operating statements are finalized, they plan to exit to a traditional financial institution.

Location

Campbellcroft, ON