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Fund A Loan On A Lemon Grove? Yes, We Can.
The story began when the owner of the lemon grove learned that his crop was not being properly cared for and he wanted to buy-out the lessee.
An F&M client referred him and we immediately went to inspect the property. The land consisted of 1,200 acres of lemon groves and included a beautifully designed villa. F&M Bank used the land (not including the villa) as collateral and offered a $4 million Master Loan Agreement to help buy out the initial lease. We offered a competitive fixed rate on the first $1 million. By developing a loan with no prepayment penalties, it provided the borrower additional flexibility towards retiring their debt earlier or restructuring in a way that benefits their company best.
F&M Bank worked diligently through many challenges, such as the property having co-borrowers, different guarantors, and parcels being held in different types of ownership. We reviewed the relationship as a whole and decided to eliminate the pre-payment penalty, which helped our client have even more flexibility with their daily operations.
Provide competitive loan solutions to help restore a lemon grove? Yes, we can.
Tailored Loan For You? Yes, We Can.
F&M Bank used the land as collateral and offered a $4 million Master Loan Agreement, that included a competitive fixed rate on the first $1million to help buy out the initial lease. This creative loan offer included a $500,000 working capital line of credit at prime and left $2.5 million for estate planning purposes, for purchasing equipment and revitalizing the groves.
F&M Bank offers a wide array of commercial products and can create a tailored solution to help with your commercial lending needs.
- Commercial Property Purchase and Refinance
- Construction Loans
- Owner-occupied and Investment
- Retail, Industrial, and Mixed-Use
- On-Site Decision Making for Fast Answers
- Non-Profit and Houses of Worship
- No Prepayment Penalties
- No-Point Options Available
- Competitive Rates and Terms
C.J. Walker founded Farmers & Merchants Bank more than years ago based on the principles of Honesty, Integrity, The Home, The Church, and Service Above Self. Today, Fourth Generation Chairman of the Board and CEO Daniel K. Walker, his brother President W. Henry Walker and their father Kenneth Walker, President of the Main Office, manage the Bank.
Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank has $9.4 Billion in assets, and 25 branches across Orange County, Long Beach, the South Bay and Santa Barbara. The Bank specializes in commercial and small business banking, business loan programs, home loans, and a robust offering of consumer retail banking products, including checking, savings and youth accounts.
Following the Walker tradition of giving back to the community, the Bank continues to donate over $2 million each year to charities, non-profit organizations, and religious entities.All loans are subject to credit approval.
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