Great Eastern Investments



Commercial Agricultural Property Types

For a current pricing matrix, complete our On-Line Form
Property Type:

Farms/Ranches that are the primary or significant source of income that are operated as a commercial agricultural enterprise with a good location, sales, maintenance and no environmental risk. Dairy, feedlots, storage units, processing buildings, hog and poultry facilities are qualified properties.

Loan Security:

First fee mortgages encumbering real estate and fixed improvements with customary assignments and pledges. Leaseholds considered on a case-by-case basis.

Loan Amount:

$500,000 to $3,500,000 per property. Certain properties of less than 1,000 acres with high per acre values can qualify to a maximum of $6,000,000.

Term:

Ten (10) to Fifteen (15) Years..

Amortization:

Up to Twenty-five (25) Years.

Maximum LTV:

70% maximum. Some properties are limited to 60% maximum..

Minimum DSCR:

1.25:1

Recourse:

Typically, Non-Recourse, except for standard lender carve-outs, which require 100%. Certain transactions will require Recourse.

Replacement Reserves:

As scheduled in the Property Condition Assessment Report. Monthly escrow is required.

Other Conditions:

Debt of Asset Ratio must be 50% or less. Standard Terms and Conditions also apply.

Interest Rates:

See the most current Pricing Matrix. Rate Buy-Downs are not available.

ALL terms are subject to change.



Loan Programs Contact

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Great Eastern Investments, L.L.C.
Tel: 888-463-4422 Fax: 830-796-4774
loan.inquiries@Great-Eastern.com
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