Learn how an Alabama landowner purchased a recreational hunting and timber tract with a flexible financing package.
In a volatile economic climate, land ownership can help to hedge against risk with the potential for additional revenue streams. AgAmerica partners with current and aspiring landowners nationwide to finance the next step in their journey.
The Challenge
After receiving news from his long-time hunting partner that he would be selling the tract of recreational land that they both spent many years enjoying, the outdoor enthusiast knew it was time to act. Being an avid hunter and outdoorsman, having access to an expansive tract of timberland in Alabama offered not only the opportunity to own a valuable piece of land but the chance to add an additional revenue stream to his portfolio. When the time came to finance his purchase, a friend referred him to AgAmerica after having had a positive experience. Following his friend’s advice, he reached out to one of our Relationship Managers to learn more about our 10-year line of credit and flexible financing terms.
The Solution
AgAmerica put together a $1.1MM conventional loan package with a 10-year line of credit to finance future improvements to the property. The borrower was able to leverage existing land collateral to preserve working capital for operational enhancements. By understanding the borrower’s strengths, AgAmerica was able to build a flexible loan package that took his unique needs into account.
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