Young couple acquires loan to buy their first farm after being rejected by multiple banks

CHALLENGE:

A young couple with a farming heritage wanted to purchase a 93-acre fruit farm but lenders consistently turned down their loan applications.  

OUTCOME:

AgLend stepped in to manage the application process and successfully completed the purchase.

A young couple who both grew up on a farm planned to acquire a million-dollar mango farm in North Queensland. The 93-acre irrigated fruit farm has a thousand mango trees, 500 lime trees and 500 passion fruit trees.

The farm represented a dream property for the two second-generation farmers. But every bank and lender they talked to turned down their loan applications. Except AgLend Finance, who understood their heritage and the burning drive to own, cultivate, and nurture their very first fruit farm.   

So AgLend successfully negotiated the walk-in walk-out purchase, plus the refinancing of another investment home.


Agri Field Days

Trade shows and agri-field days are an excellent opportunity for Australian agricultural companies to share their products with farmers and ...
Read More

Farm Finance

Financing Your Farm Farming has always been vital, and is increasingly so as population rises and people seek fresher and ...
Read More
FREE MORTGAGE QUOTE