Lakeland, FL (PRWEB) December 13, 2013
Recently, Bankers South Lending & Finance – a Florida-based money lender and mortgage investor - funded a quick, turnaround bridge loan of $600,000 to get a South Florida watermelon farmer the funding needed to jump-start his agricultural operation. Through its special Transitional Lending Program, Bankers South was able to provide the fast and flexible funding this farmer needed to kick off his watermelon season and initiate planting on schedule!
What is the Transitional Lending Program?
Bankers South’s Transitional Lending Program provides funding from $100,000 to $100 million and allows borrowers, such as this watermelon farmer, the ability to receive the fast and flexible funding they need when opportunities or situations arise. The low documentation process is often less time-consuming than a standard bank loan. For example, this recent loan, traditionally taking up to six weeks to finance, took Bankers South approximately four weeks to finance.
Bankers South offers the Transitional Lending Program for non-conventional, fixed or floating-rate bridge loans – often called “hard money” loans – on the following asset classes:
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. To discuss agricultural loans or refinancing options, visit http://www.bankerssouth.com.