March 3 - Recently, Bankers South Lending & Finance, LLC - a Florida-based ag lending company - funded a $800k citrus loan. By taking a global look at the borrower’s finances, Bankers South was able to save this citrus operation a substantial amount of money.
Through its special AgAmerica Lending Program, Bankers South was able to consolidate the borrower’s current debt and reduce the operation’s annual debt service by 44%. In doing so, Bankers South saved this citrus operation over $56,000 annually. The new-found savings allowed this citrus operation to not only purchase an additional grove, but also add on a Line of Credit for 2.62%.
What is the AgAmerica Lending Program?
Bankers South boasts a variety of Ag loan products, including conventional agricultural real estate loans through its AgAmerica Lending Program.
This one of a kind program offers borrowers the following perks:
AgAmerica agricultural loans cover all facets of farming, from smaller blueberry farms to large cattle ranches. These Ag loans are an excellent option when it comes time to plant the next row crop, expand citrus groves, plant timber, or buy more cattle.
Yet it’s not only the low interest farm loan rates that make AgAmerica loan types from Bankers South an attractive option. Bankers South is a company committed to getting to know all of its customers. The staff includes employees whose own farming histories stretch back generations. In addition, Bankers South has its own experience with buying, selling, and managing agriculture land. Suffice it to say, Bankers South not only offers customers farmland financing solutions, but supportive, professional long-standing relationships as well.
ABOUT BANKERS SOUTH
Bankers South Lending & Finance, LLC (“Bankers South”), a Land South Group Company, is a money lender and mortgage investor based in Central Florida. As a licensed Florida Mortgage Lender and licensed Florida Consumer Finance Company, Bankers South accepts, underwrites, funds, and services the loans it makes. Bankers South provides a variety of loan products, including conventional agricultural real estate loans and non-conventional, fixed or floating-rate bridge loans through its AgAmerica Lending Program and Transitional Lending Program. Need cash to expand your citrus operation? Time to refinance a high-interest ag loan? Visit www.BankersSouth.com.