There could be a difference if they are going up to 80% value on a loan that they already have and need to refinance it in some way. I would bet that there aren't many lenders that would make a new loan on land and finance up to 80% of the value. I would agree that 80% seems quit high also.

 From what I have been hearing there is going to be a pretty high % of guys that cannot cash flow this year. If you have working capitol it will just use some of that up but if you don't have a lot of working capitol they will have to find a different way to secure their debt.