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Rancher Secures $1.5MM Texas Land Loan to Purchase Property and Boost Capital

Read how this borrower used AgAmerica’s flexible financing to leverage the benefits of a 1031 exchange.  

When it comes to rural land ownership, it’s imperative to understand the resources available to achieve financial success. One such resource is the 1031 exchange, a section in the U.S. Internal Revenue Code that allows investors to use money originally designated for capital gains tax to purchase additional properties.  

The Challenge 

A Texas landowner was looking to purchase a new ranch after closing on the sale of his former one through a 1031 exchange. However, the 45-day time limit set on 1031 exchanges can sometimes pressure investors into rushed purchases and create difficulty in finding adequate financing in time. With the guidance of his financial advisor, he decided to turn to AgAmerica to assist in the financing of his new endeavor. 

 The Solution 

The efficiency in AgAmerica’s loan approval process made it possible for the ranch owner to purchase a weekend ranch through a $750K long-term facility package. The Texas land loan package also included an additional $750K 10-Yr RLOC for future property improvements and funding of ranch operations. The flexible credit line was secured through existing real-estate collateral and carried no non-reoccurring fees or annual renewals, giving him the safety net of capital to keep his investment thriving.  

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