Whether financing acreage, refinancing a mortgage or land contract or making related improvements, Compeer Financial provides the most flexible financing for your purchase, featuring easy interest rate conversions and the ability to segment your loan into multiple sub-loans, giving the interest rates or maturities that cater to your unique situation.
Fixed Rate: long-term maturities provide consistent payments throughout the life of the loan, helping you manage your interest risk and cash flow.
Variable Rate: monthly variable rates and adjustable rates at yearly intervals. Conversion feature lets you update your interest rate program without the cost or time it takes to do a traditional refinancing.
Revolving Line of Credit: borrow funds for land purchases or other business needs with five- or ten-year draw periods, followed by an amortized loan. Pay interest-only on money disbursed during the revolving term, not on entire amount. Leave loan balance on a variable rate of interest during the draw period then lock in a fixed rate on all or part of the principal.