Loan amount divided by total project cost (purchase plus rehab). Used on fix-and-flip and construction-style files. Always say “up to” when quoting max LTC.
Also called: loan to cost
Glossary
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Glossary
Loan amount divided by total project cost (purchase plus rehab). Used on fix-and-flip and construction-style files. Always say “up to” when quoting max LTC.
Also called: loan to cost