Overall, 59% of farm operators use smartphones. But among farmers under the age of 45, their smartphone usage increases to 91%. One thing is clear: data usage is steeply growing and tower erectors will need flexible funding to keep the pace.
Due to the niche nature of the cellular tower industry, there are few bridge lenders in the market that serve growing mid-tier cell tower developers (less than $1MM Tower Cash Flow). Conventional lenders to the industry often have restrictions on lending territories and borrower debt/covenants, and industry exposure limits. As a result, cell tower developers have typically had to rely on more expensive private equity raises to find their portfolio development.
AgAmerica Lending uniquely understands the mid-tier tower market, having originated more than $24MM in loans since 2013. Our lending portfolio is collateralized by more than 65 towers with over 85 tenants.
RURAL INFRASTRUCTURE LOAN REQUEST
Please enter your information below and we’ll contact you as soon as possible.