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n. Illinois | A good Banker would have done so and then watch their customer walk out the door to another competitor.
Bankers are always push to grow their book of business.
If they can massage some numbers to get a deal done they will.
Just saw a mult million dollar deal put together with annual payment pushing close to $700/ac on the owned land base (using 30 years amortizations ) and the rest of the operation is all above avg cash rents with an historical operating rate in excess of 90% So you can still get stupid done. But 60% loan/av makes it all okay. | |
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Land Prices
