What is the loan-to-value (LTV) ratio?
It is the total amount of property debt divided by the appraised value. The total amount of property debt would include all existing loans plus our proposed loan amount. The lower the LTV the more attractive the loan becomes to our investors. The maximum LTV that we will lend on a property is 75% of its appraised value. We will consider a property with a greater than 75% LTV if the borrower will provide additional properties as collateral to secure our loan.
