Growers
Apply once, upload documents, and accept terms.
- Intake and parcels
- Document checklist
- Terms and signing
Backed by Y Combinator
For lenders & capital partners
Put capital to work in California’s permanent crops.
AgriCore sources and underwrites loans to almond, pistachio, walnut, citrus, and vineyard operations. You review each deal with the full credit file behind it and fund the ones that fit your mandate.
- 1 partner
- Sourcing, underwriting, closing and servicing—all handled by AgriCore.
- Full visibility
- Review the underwriting, supporting documents and terms behind every loan.
- 2–4×
- faster time to close than a manual process, targeted*
0%0% - of credit decisions made by a person, with rationale on file
The model
AgriCore underwrites. You fund.
This isn’t a marketplace of raw applications. Every deal that reaches you has been documented, underwritten, decided and structured first.
AgriCore
Sources, underwrites, structures, closes and services every loan.
- Extraction and underwriting
- Credit decision
- Closing and servicing
Capital partners
Review underwritten deals and fund the ones that fit.
- Full credit file
- Respond deal by deal
- Payments and reporting
How it works
How a deal moves, from first document to funded loan
Nine stages, one system of record. Scroll to follow a deal through each hand-off.
Application statusSubmitted
Intake
The grower describes the operating entity, parcels by APN, varietal blocks, existing debt and what the new money is for.
Documents
A checklist collects title, appraisal, tax returns, crop yields, financial statements, crop insurance, an operating report, an environmental disclosure and, for irrigated land, a water questionnaire.
Extraction
AI reads each document and proposes the figures. An analyst confirms them before anything enters the deal, so nothing is re-keyed and nothing is decided automatically.
Underwriting
A farm workbook builds production by year and varietal — acres, bins per acre, price, revenue — and cash projections with and without the new money. It reports LTV, DSCR, net equity and cash stress, alongside parcel soil and flood-zone screening.
Credit decision
A person approves, declines or asks for more, with a written rationale. The inputs behind the decision are frozen as a snapshot.
Structure & terms
The instrument — lien position, rate, amortization, maturity — is stored as structured data. The term sheet is generated from it, so the numbers never drift between documents.
Capital assignment
The deal is assigned to a capital partner and a funding source. The partner reviews the full credit file and responds.
What you do Mark reviewing, signal intent to fund, accept indicative terms, request changes or decline.
Closing package
The closing package is generated from the deal record — note, deed of trust, permanent-crop rider, UCC filings, title slots — and counsel approves it against a fingerprint of the exact package.
Funding & servicing
The wire is confirmed separately from closing. The loan boards to servicing with a payment schedule, and every receipt is applied to fees, then interest, then principal.
What you do Payments on schedule, plus ongoing reporting from the farm.
Your seat
Review the whole file. Answer deal by deal.
Each assignment arrives with the terms, the underwriting and the documents behind them. Nothing is committed until you say so.
Your responses
- Mark reviewing
- Signal intent to fund
- Accept indicative terms
- Request changes
- Decline
After funding, you receive
- Annual audited or compiled financial statements
- Annual farm operating reports
- Notice of material adverse events
- Advance notice of a farm sale
Funding assignment · example
Citrus operation, Tulare County
- Loan
- $1,250,000
- Structure
- First-lien term loan
- Rate
- 7.25% fixed
- Payments
- Semi-annual
- Amortization
- 25 years, 10-year balloon
- Appraised value
- $3,400,000
- LTV with this loan
- 36.8%
- Credit decision
- Approved, rationale on file
Credit file 0 of 9
- Title report
- Third-party appraisal
- Tax returns
- Crop yields by block
- Financial statements
- Crop insurance
- Operating report
- Environmental disclosure
- Water questionnaire
- AgriCore assigned this deal to your facility
Speed
Days, not weeks
Most of a farm loan’s calendar goes to re-keying documents and assembling the closing package. AgriCore automates both and leaves judgment to people.
- Manual processSpreadsheets, email and re-keyed documents6–10 weeks
- AgriCore, near termExtraction and generated closing packages2–3.5 weeks
- AgriCore, targetClean file with capital lined up5–10 business days
*Internal planning estimates, not measured service levels. They assume a complete file and capital lined up before closing.
Structures & returns
How each structure pays
Two structures are live today, with more on the same rails. Adjust the terms to see how cash comes back.
In development
First-lien term loan
Senior lien on land and permanent plantings. Fixed rate, cash interest, semi-annual payments, with amortization and a balloon set per deal.
Available
Convertible preferred note
Subordinate capital for farms that already carry senior debt. Simple interest accrues and is paid at redemption — the greater of principal plus interest or an agreed share of sale proceeds.
Available
Second lien, mezzanine, development & replant
Flexible capital for buyouts, expansion and replanting, built on the same credit file and closing engine.
- Semi-annual payment
$54,499$54,499 - Interest over 10 years
$826,824$826,824 - Balloon at year 10
$986,838$986,838 - Cash yield
7.25%7.25%
Interest Scheduled principal
Illustrative arithmetic only, before servicing and platform fees and assuming every payment is made in full and on time. Not a projection, an offer, or a guarantee of returns. Actual terms are set deal by deal.
Ways to partner
Fund deal by deal, or commit capacity
However you partner, deals reach you the same way, with the same credit file, reporting and servicing.
Direct investor
Review deals one at a time and fund the ones that fit your mandate.
Private credit facility
Committed capacity that AgriCore draws deal by deal against an agreed credit box.
Warehouse line
Short-term funding for loans held before they are placed with longer-term capital.
Insurance forward flow
An agreed flow of seasoned first-lien loans for long-duration balance sheets.
Questions
What lenders ask us
Who makes the credit decision?
AgriCore’s credit team. Every approval or decline is recorded with a written rationale and a frozen snapshot of the inputs. AI helps read documents; it never approves a loan.
Do I have to fund every deal I’m shown?
No. You respond deal by deal: signal intent, accept the indicative terms, ask for changes, or decline.
Which value is used for loan-to-value?
The third-party appraisal. Model or data-provider estimates help us screen, but they are never used as the value of record.
What happens after funding?
The loan is serviced on its payment schedule. Receipts are applied to fees, then interest, then principal, and you receive the farm’s annual financials and operating reports.
Where and what do you lend on?
Permanent crop farms in California and the Western US — almonds, pistachios, walnuts, citrus and vineyards, bearing or not.
How are closings handled?
The closing package is generated from the deal record and approved by counsel. Signed documents close the loan; the wire is confirmed as a separate step.
Capital partnerships
Let’s talk about your mandate.
Tell us what you fund — structure, size, geography — and we’ll walk you through the platform and a live credit file.
This page is for information only and is not an offer to sell, or a solicitation of an offer to buy, any security or interest in any loan. Examples and models are illustrative, not projections, and do not guarantee any return. Time-to-close figures are internal planning estimates.