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What is the loan amount to be used to calculate the LTV ratio for residential tract development loans?

April 26, 2017CALCULATE Development loan Loans LTV ratio Residential tract Used

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What is the loan amount to be used to calculate the LTV ratio for residential tract development loans?

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As defined in the lending guidelines, the loan amount refers to the total amount of a loan, line of credit, or other legally binding commitment. For a line of credit, the legally binding commitment is based on the terms of the credit agreement.