American Ranch

Chapter 32 Loans to expand the ranch 【For collection, recommendation】

Chen Mo arrived in Billings early and waited until Hill got off work.

Hill sat in the car and buried his head, playing with his fingers sullenly.

"what happened?"

"It's nothing...I called you yesterday, but you didn't answer. I thought you ignored me." Hill turned to look at Chen Mo, with a pretty face, angrily.

"No way. I went back to the ranch yesterday, and the signal over there was very poor. I went to bed early again yesterday, so I didn't hear your call."

"Okay, forgive you."

Chen Mo smiled, and drove to Tangxia Yipin, where he simply had something to eat.

The restaurant business is really good, the tables in the lobby are almost full.According to Chen Mo's estimate, running this restaurant is probably more profitable than Xueshan Ranch.

Three dishes and one soup.Chen Mo just ate something, only a little bit, and watched Hill eat.

"You look listless, are you tired from work?"

"No. It's because I didn't sleep well last night. There was thunder last night, and Demi wasn't here again...Jenny came back very late, and I was afraid of thunder." Hill puffed his cheeks and looked at Chen Mo with a cute expression.

"Then... we won't go to the movies later."

"It's okay, it's still early, and I won't be able to sleep if I go home too early."

After dinner, Hill took Chen Mo to a nearby movie theater.

Small movie theater, the kind with only a few screening halls.Hill took the initiative to buy two tickets, which is the first urban love movie that has just been released...

There have been no major movies released recently.Chen Mo bought two glasses of Coke and a big bucket of popcorn.

There are more than a dozen people in the screening hall, all couples or couples come out to watch movies...

When the movie started, Hill hugged Chen Ou's arm and leaned against his shoulder, and fell asleep after a while.

Chen Mo smiled wryly, this movie is quite boring, mainly because it looks laborious without Chinese subtitles.Halfway through the movie, Chen Mo woke up Hill and left the cinema.

"I'll be more refreshed after a good night's sleep." Going out to the cinema, Hill stretched his waist.

Chen Mo drove to the hotel and got a room.

There was no more tossing like the first night, and the two fell asleep early hugging each other.Drop Hill off to work the next morning and drive back to the ranch.

Calby and Athol went to Helena, Mary alone at the ranch...

Chen Mo sorted out the information on the ranch, and went to the Putt Law Firm in Lewiston. As soon as he walked in the door, Roger, who looked haggard, came out of the law firm and almost bumped into Chen Mo.

"Mr. Chen Mo... I'm sorry I lost my mind and almost bumped into you, are you okay?"

"It's okay. Why are you here?" Chen Mo asked seeing that his mental state was not good.

"I'm here to inquire about the sale of the ranch, what are you?" Roger said.

"I asked a lawyer to accompany me to the bank to apply for a loan."

Roger smiled wryly: "The ranch business is getting harder and harder. Banks are vampires. If you don't need funds, it's best not to take out loans."

Chen Mo shrugged. He didn't like loans at first, but he saw the great prospects of his ranch...

"How much is your ranch going to sell for?"

"Are you interested?"

"If the price is right." Chen Mo said.

Roger looked inside the office and made an invitation gesture: "Let's talk in the car."

Roger's car was parked outside, a Wrangler.The two sat in the back seat... Roger opened the briefcase, took out the contract entrusted by the firm, and handed it to Chen Mo: "240 million, and take over all the 200 million debts of the ranch at the same time."

"440 million?" Chen Mo frowned: "The price is too high."

The pastures near the Rekeqi Snow Mountain are expensive.But their ranch is in Judith and Snow Mountain. Although the scenery is also very good, the location is too remote. There are no big cities with a population of over 30 within a radius of [-] kilometers...

Lewistown is the nearest big city to Judith, more than [-] kilometers away.

"Last year, the value of the land began to depreciate. If the year before last, my pasture would have sold for 500 million yuan. The snow mountain pasture is very large, and my pasture is not small. There are 1550 hectares...all of which are grasslands."

"There is no fertile land. The snow mountain ranch is only 790 million US dollars, there is a valley, and the land is fertile. There is a large area of ​​ginseng in the forest of the ranch..."

"Ginseng..." Roger showed contempt, thinking that Chen Mo is Chinese, so he didn't continue: "I entrusted a law firm with a 205% agency fee. If you buy my ranch, I can cancel the entrustment , can save an intermediary fee in the middle...you only need to pay me [-] million US dollars. As for the fees incurred in the transaction process, we are half of each...I really don't want to run a ranch."

"200."

"Trade within a week, over a week, I may change my mind."

"No problem." Chen Mo smiled and shook hands with Luo Jie, then went to the office to explain his purpose...

Chen Mo originally wanted to apply for a large loan for the expansion and construction of the ranch.He didn't know that Roger's ranch was going to be sold, but he knew that several other ranches were going to be sold, and one of them was also next to the Snow Mountain Ranch.With an area of ​​3400 hectares and no debts, including buildings, machinery and equipment in the ranch, as well as cattle and sheep, the total sale price is US$230 million.

Land in Montana, especially near snowy mountains, is more expensive.

Chen Mo has been in the United States for a few months, and he is no longer a rookie. He probably knows the prices of farms and ranches in various places.

It is said that land in Montana is cheap, but it is not.The places where the land is really cheap are North Dakota, and the sparsely populated places in the inland areas... Like North Dakota, $150 million can buy almost 3000 hectares of river valley pastures and farms.

Chen Mo brought the title deed of the Snow Mountain Ranch and the agency contract signed with Ellison. After sorting out the information, the lawyer said: "Using the ranch as collateral, and with your contract with Mr. Ellison, you should be able to apply for the maximum amount of 800 million yuan." loan."

"Well, let's go to the bank."

When they arrived at Wells Fargo Bank, the bank manager personally received Chen Mo and discussed about the loan...

800 million is a huge loan.

The bank manager asked what the loan was for...

The review process only took two days, and Chen Mo got a loan of 850 million US dollars, five years, with an annual interest rate of 5.5%.

The annual interest payment is 46.75.The repayment of principal and interest in the fifth year totals $896.75.

For five years, the total interest is $233.75.

Find a bank loan, borrow money to make money, almost all rich people do this.

In five years, if the agricultural economy improves, selling a piece of land should make it easy to repay the loan.

Roger Falk Ranch, with an area of ​​1550 hectares, actually paid 200 million and assumed the ranch's 200 million liabilities.Lake Valley Ranch, an area of ​​3400 hectares, 230 million.Another 2000-hectare pasture connected to the Lake Valley was purchased...

The closer the ranch is to the snow-capped mountains, the more valuable it is.

The ranch on the prairie was cheap, spending a total of $571 and taking on another $241 million in liabilities.Among them, Roger Falk's debt of 200 million US dollars will be repaid next month, and the remaining debt of 41 will be paid by the end of the year... the debt belonging to Roger Falk's ranch will be paid first.Then there are the expenses incurred during the transaction process, and the cattle and sheep that took over the ranch... I just took out a loan of 850 million, and I spent it all, leaving less than $1 in my pocket.

The new Snow Mountain Ranch, with a total area of ​​9250 hectares, is a behemoth in the entire state of Montana.However, the facilities of the ranch are too crude, and it will take a huge expense to integrate all resources and rationally develop and utilize them.

(End of this chapter)