Lakeland, FL (PRWEB) November 20, 2013
Recently, Bankers South Lending & Finance, LLC - a Florida-based money lender and mortgage investor - funded a $675,000 25-year Amortization/15-year Balloon ag loan with an interest rate of 3.17% (1-Month LIBOR) and added on a line of credit for $225,000 with an interest rate of 2.63%.
Through its special AgAmerica Lending Program, Bankers South was able to reduce this borrower's interest rate. What’s more, Bankers South was able to provide the citrus grower with cash at closing.
The Ag America Lending Program
Bankers South provides a variety of ag loan products, including conventional agricultural real estate loans through the AgAmerica Lending Program.
The Bankers South AgAmerica Lending Program offers borrowers the following:
AgAmerica agricultural loans cover all facets of farming, from smaller blueberry farms to vast cattle ranches. When it’s time to plant the next row crop, expand citrus groves, plant timber, or start buying more cattle, these ag loans are a great choice.
It’s not just the low interest rates that make AgAmerica farm loans 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 an ag loan, but a supportive, professional, and long-standing relationship.
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 plant the next crop or buy more cattle? Time to refinance a high-interest farm or ranch loan? Visit http://www.BankersSouth.com for more information.