4. Rural Farm owner obtained cash out from Farm property to fund stock and Feed.

30% LVR Bridging Interest only loan on New South Wales Farm on 473 Hectares to assist with stock and feed purchase during drought conditions. Refinance to be arranged in 12 months once income levels have stabilised. Borrower purchased the Farm property in 2017 but had exhausted all her finances with the purchase.

The borrower required further funds to purchase stock and feed at a time when help was required due to the drought conditions and increase stock numbers to increase future income levels.

Once the weather conditions have improved and Income can be demonstrated at satisfactory levels Bank funding will be sought to repay the short-term facility.

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