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 in a depressed manner.
"What's wrong?"
"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 little face, huffing angrily.
"No way. I went back to the ranch yesterday, and the signal there was very poor. I went to bed very early yesterday and didn't hear your call."
"Okay, I forgive you."
Chen Mo smiled and drove to Tangxia Yipin for a quick bite to eat.
The restaurant's business is really good, and the tables in the lobby are almost full. According to Chen Mo's estimation, running this restaurant is probably more profitable than Snow Mountain Ranch.
Three dishes and one soup. Chen Mo had just eaten, only a very small amount, and watched Hill eat.
"You look listless, are you tired from work?"
"No. I didn't sleep well last night. There was thunder last night and Demi was not here... Jenny came back very late. I was afraid of thunder." Hill puffed up his cheeks and looked at Chen Mo with a cute expression.
"Then... I won't go to the movies later."
"It's okay. It's still early. I can't sleep if I go home too early."
After dinner, Hill took Chen Mo to a nearby cinema.
It was a small cinema with only a few screening rooms. Hill took the initiative to buy two tickets. It was the first urban love movie that had just been released...
There have been no blockbusters released recently. Chen Mo bought two cups of Coke and a large bucket of popcorn.
There were more than a dozen people in the screening room, all couples came out to watch a movie...
When the movie started, Hill hugged Chen Ou's arm and leaned on his shoulder, and fell asleep after a while.
Chen Mo smiled bitterly. This movie was quite boring, mainly because there were no Chinese subtitles and it looked laborious. Halfway through the movie, Chen Mo woke up Hill and left the cinema.
"I feel more energetic after a good sleep." After going to the cinema, Hill stretched.
Chen Mo drove to the hotel and got a room.
There was no more fuss like the first night, and the two hugged each other and fell asleep early. The next morning, they sent Hill to work and then drove back to the ranch.
Canlby and Athol went to Helena, and Mary was alone at the ranch...
Chen Mo sorted out the information about the ranch and went to the Putt Law Firm in Lewistown. As soon as he walked in the door, Roger, who looked haggard, came out of the law office and almost bumped into Chen Mo.
"Mr. Chen Mo...I'm sorry that I was a little distracted. I 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, who are you?" Roger said.
"I asked a lawyer to accompany me to the bank to apply for a loan."
Roger smiled bitterly: "The ranch business is getting harder and harder to do. Banks are vampires. If you don't absolutely need funds, it's best not to lend money."
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: "Let's talk in the car."
Roger's car was parked outside. It was a Wrangler. The two of them sat in the back seat... Roger opened his briefcase, took out the contract entrusted by the office, and handed it to Chen Mo to read: "2.4 million, and at the same time take over all 2 million of the ranch."
Thousands of debts.”
"4.4 million?" Chen Mo frowned: "The price is too high."
The pastures near Rekchi Snow Mountain are expensive. But their pasture is in Judithga Snow Mountain. Although the scenery is very good, the location is too remote. There is no big city with a population of more than 10,000 within 30 kilometers...
Lewistown is the nearest large city to Judithga, more than 60 kilometers away.
"The land began to depreciate last year. If it were the year before last, my pasture could be sold for 5 million. The Snow Mountain Pasture is very big, and my pasture is not small either, with 1,550 hectares... all grassland."
"But there is no fertile land. The Snow Mountain Ranch is only 7.9 million US dollars. There is a valley and the land is fertile. There is a large area of ginseng in the mountain forest of the ranch..."
"Ginseng..." Roger showed contempt, thinking that Chen Mo was Chinese, so he did not continue: "I entrusted it to a law firm, and there is a six percent agency fee. If you buy my ranch, I can cancel the entrustment
, you can save an intermediary fee... You only need to pay me US$2.05 million. As for the expenses incurred during the transaction, each of us will take half... I really don’t want to run a ranch anymore.”
"2 million."
"Trading within a week, if it takes longer than a week, I might change my mind."
"No problem." Chen Mo smiled and shook hands with Roger, then went to the office to explain his purpose...
Chen Mo originally wanted to apply for a large loan to use for the expansion and construction of the ranch. He didn't know that Roger's ranch was for sale, but he knew that several other ranches were for sale, one of which was also next to the Snow Mountain Ranch. It covers an area of 3,400 hectares.
, with no debt, including the buildings, machinery and equipment on the ranch, as well as cattle and sheep, the total sale price is US$2.3 million.
Land in Montana, especially near the snowy mountains, is relatively expensive.
Chen Mo has been in the United States for a few months. He is no longer a rookie. He probably knows the prices of farms and pastures in various places.
It is said that land in Montana is cheap, but in fact it is not. The places where land is really cheap are in North Dakota and sparsely populated areas in the interior... Like North Dakota, $1.5 million can buy almost 3,000 hectares of river valleys.
pasture, farm.
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: "Use the ranch as a mortgage, and the contract between you and Mr. Ellison, you should be able to apply for the maximum amount of 8 million.
loan."
"Well, let's go to the bank."
When he arrived at Wells Fargo Bank, the bank manager personally received Chen Mo and discussed the loan...
8 million is a huge loan.
The bank manager asked what the loan was for...
The review process only took two days, and Chen Mo received a loan of US$8.5 million for five years with an annual interest rate of 5.5%.
The annual interest payment is 467,500 US dollars. The principal and interest payment in the fifth year totals 8.9675 million US dollars.
For five years, the total interest is US$2.3375 million.
Find a bank loan, borrow money to make money, almost all rich people do this.
In five years, if the agricultural economy improves, it should be easy to repay the loan by selling a piece of land.
Roger Fork Ranch, with an area of 1,550 hectares, actually paid 2 million, and assumed the debt of 2 million of the ranch. Lake Valley Ranch, with an area of 3,400 hectares, 2.3 million. An additional 2,000-hectare pasture connected to the Lake Valley was purchased...
The closer the pasture is to the snow-capped mountains, the more valuable it is.
The pastures on the prairie are cheap. I spent a total of 571 US dollars and took on a debt of 2.41 million US dollars. Among them, Roger Fogg's 2 million US dollars of debt will be paid off next month, and the remaining 410,000 US dollars of debt will be paid off at the end of the year...
The liabilities belonging to the Roger Fork Ranch. Then there are the expenses incurred during the transaction, and the cattle and sheep that took over the ranch... I just took out a loan of 8.5 million and spent it all, leaving less than $10,000 in my pocket.
The new Snow Mountain Ranch, with a total area of 9,250 hectares, is a giant in the entire state of Montana. However, the facilities of the ranch are too simple, and it would be a huge expense to integrate all the resources and develop and utilize them rationally.