Salt Lake City, UT, March 29, 2013 --(PR.com
)-- Popular Commercial Lending Group (PCLG) has formed a new subsidiary company Popular Ag Finance (PAF) to expand its existing agricultural lending business. In 2013 PCLG and PAF have partnered with multiple secondary market investors with assets well in excess of $100 billion USD to increase agricultural lending market share in the United States, Brazil and Canada. PCLG and PAF have increased loan sizes, loan programs and agricultural lending capacity in 2013. PAF loan sizes will focus on agricultural loans primarily in the $1-20 million range. PAF has the ability to lend up to 70% LTV on agricultural land and assets and introduced a new agricultural land line of credit (LOC) product in 2013. Through international investor partnerships PCLG and PAF are now able to fund in international markets with a primary focus on the United States, Brazil and Canada. Darin Young is President and CEO of PCLG and PAF brings 22 years of private equity, residential mortgage banking, agricultural lending and commercial lending experience to the company. PAF can be located online at www.popularagfinance.com
or via phone at (888)950-9339.