Lakeland, FL (PRWEB) March 12, 2014
Recently, Bankers South Lending & Finance, LLC - a Florida-based ag lending company - funded a $600k citrus loan. By taking a global look at this Florida borrower’s finances, Bankers South was able to finance this citrus operation’s resets and improvements.
Through its special Transitional Lending Program, Bankers South provided this citrus grower financial support when no other banks could, allowing him to use the equity in his grove to expand his agricultural operation.
TRANSITIONAL LENDING PROGRAM
Bankers South understands that many solid, successful individuals or businesses face situations or opportunities that do not fit easily into the rigid structure of institutional lending.
That’s why Bankers South offers the Transitional Lending Program - a program designed to provide non-conventional, fixed or floating-rate bridge loans on the following asset classes:
- Vacant Land - Ag Loans and Timberland Loans
- Investment Real Estate Loans
- Commercial Real Estate Intermediate Loans
- Other Consumer Loans secured by approved collateral
- Refinance/Debt Consolidation
These asset-based loans, often called “hard money” loans, are based on collateral and can be used for a variety of purposes, including funding new real estate projects, paying off loans, or securing opportunities quickly. The low documentation process is often less time consuming than a standard bank loan and can be processed in as little as a week! Depending on lending needs, the loans can be accessed through an equity line or in a lump sum payout.
Like with all of its loans, Bankers South’s Transitional Lending Program strives to provide a personal, responsive service to all customers. With its own extensive experience buying, selling, and managing agricultural land, Bankers South understands the ins and outs of ag lending. The staff includes employees whose own farming histories stretch back generations. Suffice it to say, Bankers South not only offers ag lending solutions, but supportive, professional long-standing relationships as well.
To discuss agricultural financing options, contact Bankers South!
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 and Transitional Lending programs. Need cash to expand your citrus operation? Time to refinance a high-interest ag loan? Visit http://www.BankersSouth.com.