Pear Orchard | Senior Loan
Evergreen provided a loan to refinance a 100-acre agricultural production facility. The property is part of an Asian Pear growing and processing operation run by the borrower, who is one of the largest producers of Asian pears in the Mid-Atlantic.
Many conventional lenders have a difficult time underwriting and understanding the unique business model and risks involved with financing these types of properties. However, the Evergreen team has considerable experience with agricultural and land investments and was pleased to finance the opportunity and assist our borrower in providing locally grown produce to the Washington DC market.