23 Mar Agricultural Funding Success Story 3 – March 2022
Client is a busy career professional with a material farming interest. Client sought to expand his agricultural investment interests via way of joint venture and sought a professional to manage the process and funding project.
RSP project managed the funding from inception to a successful settlement and completion. Client refinanced to capture a more accommodating funding platform to boost overall returns on his investment. Savings was in excess of $50,000 p.a. compared to the previous debt funding costs with their old lender.
Purpose: Farm Finance Review / Property Purchase
Equity: > 85%
Loan Amount: $3.5m
Risk Rating: Strong
Interest Rate: 1.65%
Lender: Refinance – Mainstream bank
Savings: $52,000 p.a.