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Popular Commercial Lending Group Adds Farm Loan Line of Credit Product

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Popular Commercial Lending Group Adds Farm Loan Line of Credit Product Powered By Docstoc
					Popular Commercial Lending Group Adds Farm Loan Line of Credit Product

Popular Commercial Lending Group (PCLG) has added a real estate revolving line of credit
product to their agricultural loan product offering.

Salt Lake City, UT, January 26, 2013 --(PR.com)-- Popular Commercial Lending Group (PCLG) has
added a New Real Estate Line of Credit product to their agricultural loan product offering. The new
product goes to 50% LTV with a 10 year draw period and can be converted to a 25 year fully amortized
farm loan at any time during the draw period. Unlike other lines of credit (LOC's) offered by local banks,
this line does not need to be renewed every year and offers more long term flexibility. During the credit
crisis many local banks stopped issuing LOC's placing farmers in financial stress. The LOC is currently
being offered at a floating rate of 2.75% interest.

PCLG is a nationwide agricultural lending group providing long term real estate based farm loans from
$300K to $20 million to 70% LTV. Floating rates start at 2.75% and fixed rates at 3.55%. PCLG also
provides commercial real estate capital for commercial real estate including office, industrial,
multifamily, retail, hotel, and other asset types. PCLG is headed by Darin Young who acts as President
and CEO. PCLG can be reached at (888)950-9339 or online at www.popularcommercial.com




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Contact Information:
Popular Commercial Capital
Darin Young
(888)950-9339
Contact via Email
www.popularcommercial.com


Online Version of Press Release:
You can read the online version of this press release at: http://www.pr.com/press-release/468919




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Description: Popular Commercial Lending Group (PCLG) has added a real estate revolving line of credit product to their agricultural loan product offering.
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