First Capital Trust Deeds (FCTD) originates short-term agricultural hard money bridge loans for ranchers, farmers, vintners, and cannabis growers throughout California, Oregon, Washington, Idaho, Montana, and Arizona.
Even though we can originate ag hard money loans, it isn't FCTD's lending focus. In the past, we originated 24-36 month private loans against cattle ranches in Northeastern California and Southern Oregon. Since 2020, however, FCTD has originated one or two bridge loans for investors acquiring a small wineries in California and Oregon.
FCTD is a mortgage broker that works with private money lenders and trust deed investors with an expertise in agricultural lending. We have excellent working relationships with these lenders and fund managers, who are well-versed in financing agricultural properties.
When looking for a hard money loan, know that the lender will want to do the loan on only the real estate, and not the business equipment or personal property, like greenhouses, which can be moved to a different location.
Many agricultural borrowers over the years, especially cannabis startups, have requested financing for equipment, first year operating expenses, and other non-real property uses. Startup capital and business equipment are not what FCTD and the trust deed investors that fund agricultural loans will finance.
Our focus is real estate loans.
In cases where there is additional real estate with equity that can be used as collateral for the hard money loan, we have done a blanket loan, or multi-property loan, for borrowers who needed additional operating capital for their business. FCTD can work with borrowers and lenders to get creative in a way that makes sense for both parties.
If you’re looking for an agricultural hard money loan, please contact us to discuss.