Commercial Hard Money
LTC - Loan to Cost Loan To Cost. Used in construction financing, this is the ratio of the amount of the loan to the cost of constructing the asset. Loan-to-cost tells the lender if potential losses due to nonpayment (and possible non-completion) may be recouped by selling the asset in the as-is condition. |
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Thank you thank you, thank you. You saved our project and our sanity. We stood to lose a $925,000 deposit. You not only saved it for us, but enabled us to move forward, complete the project, and make a profit - and in this market, that's really saying a lot. You have our loyalty from here on. |
