RURAL LENDING
Refinancing existing rural debt.
A refinance is often the best transaction on offer. Better rate, better structure, or better lender — sometimes all three.
Most rural operators who come to Clunes for a refinance have been with the same lender for years. The relationship is comfortable, the rate has drifted, and the structure no longer reflects what the business actually needs.
A refinance is not always about rate. Sometimes it is about covenants that have become burdensome, security that has been tied together in a way that limits the business, or a lender whose appetite has shifted. Clunes reviews the structure first and the rate second.
WHAT IS TYPICAL
- Deal size
- $1m–$25m
- Security
- Existing freehold rural land, existing facilities
- Lender pool
- Full panel — including lenders the current bank does not know about