SPG represents major national insurance and financial service companies and provides technical services for the facilitation of long-term, low interest, fixed rate financing. Through our relationships with lenders, we can structure a loan package to meet your individual requirements. Financing can be obtained for new purchases of property, for refinancing existing debt, or for expanding existing operations, including new or existing irrigation systems. After we make your loan, we will continue to be your contact on the loan to assist you with any questions or changes to the loan you may require.

Long-term interest rates are the lowest rates seen in a generation. This may be an historic opportunity to lock in a very low interest rate for up to 5, 10, 15, or 20 years.

Farm and timberland values are significantly higher in most areas than at any other time in recent years. This additional equity increases flexibility for refinancing existing debt or financing new purchases including new or existing irrigation systems.

The minimum loan amount is $300,000. Very large loans can be made where appropriate. The borrower, of course, must meet certain requirements that are more or less standard for the industry. Loan commitments can typically be obtained within two weeks.

Many farmers are paying 8.0% to 9.0% interest for land and irrigation systems financing. By refinancing with a 7.0% long-term loan, appraisal and loan origination fees can be recovered in less than one year. A 2.0% lower interest rate (7.0%-9.0%) on a million dollars equals $20,000 per year or $200,000 for ten years.

Do not let this opportunity pass you by! Please do not hesitate to call Jeff Peterson, or Joe Marshall to discuss our various financing options as they relate to your particular situation. Contact us by e-mail at jpeterson@splantations.com or call 229-439-0012.