Commercial Financing for Agricultural Expansion
- Home
- Transactions
- 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
