not sure but you might check with the RBC, they are one of the only lenders chartered in U.S. that haven't taken a bailout from govt and have to adhere to strict guidelines and regulations.
not sure if you will find a 50LTV on land.
depending on use, a buyer might be able to take advantage of some type of govt sponsored program.
Example. expanding farming business
How can this help my business?
Individual farmers can receive up to 80% financing to a maximum of $250,000 for financing new or used assets
A farmer-owned co-operative can apply for up to $3 million
Eligible assets include land, buildings, construction, machinery, livestock, consolidation/refinancing, and crop storage condominiums
Maximum interest rate on variable rate loans is Prime+1%, fixed rate loans is Residential Mortgage Rate+1%
Loan terms are up to 10 years (15 years for land) and flexible payments available (monthly, quarterly, semi-annually, annually)
What else do I need to know?
Eligibility requirements include:
You must be performing a farming activity on a full or part time basis
This loan is not for start up operations
Loan amount can not exceed 80% of the cost of the assets (Trade-ins can be used for the 20% down payment)
There is a one-time, up-front government registration fee of 0.85% of the loan amount
There is an RBC administration fee of the lesser of 0.25% of the FIMCLA loan amount or $250. (0.1% for farmer-owned marketing co-operatives if loan exceeds $250,000)
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