Why Use a Bridge Loan?
Get the cash one needs quicker.
Close on your Ag land loans in less time.
Compete against cash offers.
Negotiate a better price.
How is a Bridge Loan Different from a Traditional Land Loan?
Bridge loans are shorter term loans, no longer than 6 months.
Within 6 months of having the Bridge Loan the anticipated next steps are to refinance out of this loan and into a traditional land loan.
Why Use FBN Finance?
Simple transition from bridge to traditional.
Variety of fixed and variable rate options.
100% Ag focused.
Bridge Loan Requirements
1. Loans up to $2 million.
2. Loan-to-value (LTV) up to 60%.
3. Terms up to 6 months.
4. Finance land acquisitions.
5. Must be eligible for conventional land financing.
6. See FAQs for additional restrictions | current availability.
What is an FBN Bridge Loan?
Our Bridge Loan is a short-term land loan (no longer than 6 months) that acts as initial cash for loans up to $2M. Applicants who qualify for a traditional loan through FBN Finance have access to a Bridge Loan to help avoid common appraisal delays and help simplify the land purchase.
What type of land can you use Bridge Loans for?
Dryland and no major improvements.
What states is this loan available in?
Iowa, Illinois, Indiana, Ohio, Michigan, Minnesota, North Dakota, Nebraska and Wisconsin.
Are there any loan to value restrictions?
We currently allow up to 60% LTV.