Development Re-finance – Canterbury

Agro-silos granary-elevator on agro processing
Finance

Loan Amount:

$4.3M

Funding lines

Interest Rate:

11.0% p.a.
Term Length

Loan Term:

12 Months

Location

Location:

Canterbury

Background

Loan Purpose:

  • To re-finance an expired loan facility to support the planned development of a state-of-the-art grain processing facility.
  • LVR 50.5%.
  • The borrower had considerable experience in the fertiliser and grain supply industry and was in the late stages of securing substantial national supply contracts.