
23 Mar Agricultural Funding Success Story 6 – March 2022
Client Position
Long standing RSP client. RSP knew the client’s position and capability intimately. Client sought independent funding to co-invest in a material agricultural farm in a joint venture arrangement. The farm was to capture geographically and enterprise diversity. Speed to market was essential to prevent losing the opportunity.
RSP Outcome
RSP was first of the joint venture partners to achieve unconditional approval and at a significantly reduced interest rate. Purchase went through smoothly and without any issues.
Metrics
Purpose: Farm acquisition
LVR: 40%
Equity: > 75%
Loan Amount: $8.0m increase
Risk Rating: Strong
Interest Rate: 1.60%
Lender: Mainstream Bank
Sorry, the comment form is closed at this time.