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FARMERS BUSINESS NETWORK FINANCE ANNOUNCES LAUNCH OF AG BRIDGE LOANS
Source: Farmers Business Network

Closing a traditional land loan is a long process. It may take between 60-90 days to close, often delayed by the time it takes to complete an appraisal. This timeline can create issues for many potential buyers, especially if they are working with a seller on a tight timeline, at an auction, or competing with full cash buyers.

At FBN Finance we understand these challenges. As part of our continued efforts to put Farmers First, we are excited to announce a new offering that expands our suite of financial products to better serve our customers: the bridge loan.

What Is a Bridge Loan?

A bridge loan is an expedited land loan that allows borrowers to secure financing and thus close on land purchases often on a much shorter timeline than more traditional land loans. The bridge loan acts as a "pre-approval" and will allow the buyer to act similar to a cash buyer.

With a bridge loan from FBN Finance, a buyer could close on a purchase in as little as 3 weeks* as opposed to potentially up to 3 months.

This product is a powerful tool for buyers who are facing tight timelines on potential land purchases and want to be as competitive as possible. Additionally, the potential to close quicker is a strong negotiating tool and may allow a buyer to get a better price on their purchase.

What Differentiates a Bridge Loan from Other Financing Options?

Unlike other loan types, bridge loans offer:

Shorter term timelines, no longer than 6 months. (Once completed, your loan advisor will help you transition this loan to a traditional loan once the appraisal has been completed.*)

Loan amounts up to $2,000,000

Up to 60% LTV

Apply for a Bridge Loan from FBN Finance

If a bridge loan sounds like the right fit for your ag operation's needs, complete the form at the bottom of this page or click here to get in touch with a member of our team

The loan advisor team at FBN Finance is here to help. With an average of 15+ years each in Ag finance experience, FBN Finance loan advisors are available to talk you through any questions you may have on the bridge loan as well as all facets of the land loan process. We strive to help you find the solution that best fits your needs.


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