Avatar's Blog
» Hard Money or Agriculturual Loan?
Recently two loan requests came across the desks at Avatar Financial Group that fell into the agricultural loan sector. One was for a winery; the other for a horse breeding and training facility. What constitutes an agri-loan? If the ratio of land to building is very large and the business of the property is to raise livestock or plants, be they for food, drink, flowers, for consumption by people or animals, etc. the property falls into the agri-loan area.
Avatar Financial Group and other hard money lenders are restricted from funding such businesses, but you are welcome to contact Gillian@avatarfinancial.com for a referral to good agri-loan specialists who can help you find the right loan for your property and business. And rememebr, if you are only going to collateralize a winery tasting building, rather than the entire winery, you may still be able to get hard money bridge loans for your needs.
