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Florida Citrus Grower Increases Grove Size with $16MM Refinance

A Florida citrus grower is able to increase grove size by 15 percent and reduce debt service by over $450K.

The Challenge

With over 50 years of experience in the citrus industry, this Florida farmer has been involved in care-taking, harvesting, and the sales-end of citrus grove ownership. He sought an additional 300 acres of citrus grove land to manage with his son, increasing their overall grove acreage by 15 percent. Additionally, the family was looking to reduce their debt payments while increasing flexibility with a revolving line of credit.
The Solution
AgAmerica facilitated a $16MM global refinance package and reduced their debt service by over $450,000.

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AgAmerica - An Equal Opportunity Lender

AgAmerica Lending® LLC is a licensed mortgage lender. NMLS ID# 372267

Copyright AgAmerica® LLC 2022. All Rights Reserved.