EQUITY LINES OF CREDIT

An Ag Equity Line of Credit is a great way to use the equity in your farm to finance your day-to-day operating costs, development, or to have a ready source of funding to purchase that property next door.

Sources includes Farmer Mac and other sources.
First Trust deed on property offered as collateral.
Maximum Loan to Value - 55% of open land value.
Draw period of up to 10 years.
Loan Term of 30 years.
Payments interest only during draw period paid semi-annually.
No requirement to pay to zero balance each year.
Can also complete a long term mortgage on same property as second as long as combined loan to value does note exceed 70%.
Interest rate adjusts every 30 days.
Typical uses - annual operating expenses, development or re-development, or source of funds to take advantage of opportunities.

For more info, give us a call at

(559) 741-9400

LOCATION

Westwood Capital Services
20584 Ave 164
Porterville, CA 93257

CONNECT

Phone
(559) 741-9400

Email
dennis@aglend.com