Fquare launch 'distressed farmers' loan

Farm
Farm

Fquare, a New York-based company, which enables investors to design custom investment portfolios around U.S. farmland online, has announced the launch of secure bridge loans for distressed farmers.

Since inception, Fquare has received interest from lenders seeking to help producers that are either already in default, under bankruptcy protection, or in distress and heading toward such a condition.

Often times a producer is faced with financial difficulties due to flooding, hail, tornados, and other natural disasters.

Fquare seeks to help these producers keep their farms by restructuring their debt with the crowd, providing an opportunity for a turn around on its operations.

These opportunities offer our members potential yields typically ranging 10% - 12% in 3, 5, and 7 year loan terms with LTV typically at 60%. As loans mature, the principle of these loans will be sought from borrowers and paid back to investors.

“We hope to add continued value to the farmers that help feed us”, says Charles Polanco, Chairman of Fquare.