REAL ESTATE UNDERWRITING
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LTC
Also called: loan-to-cost · loan to cost ratio
Loan amount divided by total project cost, often used in development and renovation financing.
What it means in practice.
LTC is more common in construction, bridge and improvement scenarios than in stabilized-property loans.
Why it matters.
It is especially relevant where an improvement exchange intersects with construction financing.
Additional notes.
LTC is more common in construction, bridge and improvement scenarios than in stabilized-property loans.
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