Lending Disclosures
At AgriFarm Capital, we are committed to providing you with clear, accurate, and transparent information throughout the commercial loan process. The following disclosures outline our responsibilities as a loan broker, your rights as a borrower, and the nature of the services we provide. Please review this information carefully.
1. Nature of Our Services
Brokerage Role: AgriFarm Capital serves as a broker to connect borrowers with commercial lenders. We do not make loans, determine loan terms, or guarantee approval.
Independent Lender Network: We work with a network of independent lenders who provide a range of loan products. The final terms, conditions, and decisions rest solely with the lender.
2. Loan Terms and Conditions
Variable Terms: Loan terms, including interest rates, repayment periods, and fees, vary by lender and are influenced by factors such as creditworthiness, property details, and market conditions.
Loan Terms and Fee Disclosures: Before you agree to any loan, the lender will provide you with a detailed breakdown of all loan costs including origination fees, third- party fees and other customary closing costs such as title, escrow, processing, etc. These disclosures will also outline the expected interest rate, loan terms, and obligations of the loan.
3. Fees and Compensation
Brokerage Fees: AgriFarm Capital may charge a fee for our services. This fee will be disclosed to you upfront and detailed in the loan disclosures.
Lender Compensation: We may receive compensation from lenders when loans close through our referral. This compensation will not affect your loan terms and will be disclosed where required.
Third-Party Fees: Additional costs, such as property appraisals, environmental assessments or legal fees, may apply. These fees will be disclosed to the borrower at the earliest possible opportunity and the costs associated with them are the responsibility of the borrower.
4. Credit and Financial Information
Authorization for Credit Checks: By submitting an application, you authorize AgriFarm Capital and/or its lending partners to perform credit checks and obtain credit reports. This may have an impact on your credit score.
Financial Documentation: To process your application, we will require supporting documents such as tax returns, financial statements, and proof of income and assets. These will be shared securely with lenders as part of the loan evaluation process.
5. Risks and Borrower Obligations
Repayment Obligations: Borrowers are responsible for repaying loans as per the terms of the agreement. Failure to do so may result in penalties, fees, or legal action, including foreclosure if the loan is secured by property.
Market Volatility: Agricultural and commercial property values can fluctuate due to market conditions. Borrowers should consider these risks and consult financial professionals as needed.
Prepayment Terms: Some loans may include prepayment penalties. These terms will be outlined in your loan agreement and should be reviewed carefully.
6. Accuracy of Information
It is the borrower’s responsibility to provide accurate and complete information during the loan application process. Failure to do so may result in loan denial, increased costs, or legal consequences.
7. Privacy and Data Protection
We take the security of your personal and financial information seriously. For details on how we collect, use, and protect your information, please refer to our Privacy Policy detailed in this document.
8. Complaints and Inquiries
If you have concerns about your loan process or our services, please contact us:
AgriFarm Capital
451 Los Gatos Boulevard #104, Los Gatos CA 95032
Inquiries@Agrifarmcapital.com
408-260-5900
9. Changes to These Disclosures
We reserve the right to update these Lending Disclosures to reflect changes in laws or business practices. Any updates will be posted on this page with a revised effective date.