Nov 20, 2018

What is Loan-to-Cost Ratio (LTC)?

Loan-to-Cost Ratio, or LTC, is a measure of leverage defined as project’s financing compared to its construction costs. LTC is important for some kinds of HUD multifamily financing , including HUD 221(d)(4) loans and HUD 232 loans , but is not a relevant factor for HUD 223(f) loans , since thes