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Can this be correct, mega Coop borrows $1,509,895,890.42
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IowaCenturyFarm
Posted 10/30/2023 09:02 (#10462198 - in reply to #10461859)
Subject: RE: Can this be correct, mega Coop borrows $1,509,895,890.42


The mortgage amount doesn't always match the amount borrowed. Very common for a bank to file a mortgage for the maximum LTV to secure potential future borrowings. Cheaper for the borrower and easier for the lender when a future need arises.
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