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Georgia Landowner Expedites Property Purchase with $1.3MM Accelerated Loan

AgAmerica helps a Southeast landowner secure financing in time for 30-day closing.

As a nationwide agricultural land lender, AgAmerica’s expertise in land finance across the country is unrivaled in efficiency and innovation. Optimization of the loan process over the years has equipped us with the skillset to make dream property ownership possible–no matter what it takes.

The Challenge

One borrower came across a pristine Georgia property that spanned over 500 acres of timber and recreational land. A high fence surrounded the property and within its borders was a trophy-managed bass lake and rustic cabin. It was the perfect spot for the borrower’s timber operation as well as a recreational hunting getaway their whole family could enjoy for years to come. They immediately submitted an offer and reached out to multiple lenders to ensure they could secure the necessary financing in time to meet the tight purchase contract date. Having previously worked with another local lender, the borrower initially returned for their services, thinking they would be able to expedite the approval process since they already had most of the documentation needed. However, the borrower soon realized it was beyond the lender’s capacity to close in time. With just a month left until close and a seller who was unwilling to extend the contract a minute longer, the borrower reached out to AgAmerica in a last-ditch effort to own the property they fell in love with.

The Solution

Understanding the urgency required to meet the 30-day deadline, AgAmerica worked with the borrower day and night to collect the necessary documentation needed for an expedited approval. Fortunately, AgAmerica’s Accelerate Loan Program required minimum paperwork which further streamlined the loan process. From start to finish, the loan closed within 31 days and the borrower was able to meet the seller’s deadline.

 

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