09 Feb Funding Success: Renegotiation on Funding facility
A South Australian client wished to purchase country in Central Queensland. The property of interest had an abundance of dry feed and provided a cost-effective alternative to agistment. Synergies were created through better market access to Roma and Blackall saleyards, eliminating the dependency on the Adelaide store market.
A highly competitive funding solution was negotiated in a difficult agri-banking environment, where bank appetite has been supressed by the drought and additional compliance issues created from the Royal Commission.