The Conexus Digital Banking Platform will not be available December 5 from 5:00 a.m. to 6:30 a.m. We apologize for the inconvenience.
Program features:
Financing up to 90% of the land value is available
Loan is disbursed over a five year period – up to 40% of the land value in year one and the balance in equal installments over the next four years
Payments based on total loan amount – interest paid only on disbursed amounts
Monthly, quarterly, and semi-annual payment frequencies acceptable
5 year closed term required initially (Max. amortization is 25 yrs)
Farming fact: Only 40% of farmers in Canada have a succession plan! If you’re part of the 60% that doesn’t have a succession plan, don’t wait any longer, lets make sure you’ve got a plan before the end of this year.
Talk to us today, or someone at Thrive Wealth Management. (Thrive is a credit union company and our trusted partner in wealth management)
Buyer benefits
Lower down payment requirement – financing up to 90% of the land value is available
Lower interest payments – interest paid only on disbursed amounts
Accelerated repayment due to increased principal payments in the first 5 years
Seller benefits
Easier for family members and/or other qualified buyers to obtain financing thereby increasing potential for a sale
Receives payments over a five year period, which may result in tax advantages
Assists with retirement and estate planning