Loan to Cost Ratio means, with respect to any Property or Properties, the percentage determined by dividing (i) the Allocated Loan Amount(s) with respect to such Property or Properties by (ii) the Purchase Price for such Property or Properties.
Loan to Cost Ratio means the ratio, expressed as a percentage, of (a) the Commitment to (b) the total amount of Project Costs.
Loan to Cost Ratio means as of the date of its calculation, the ratio of (i) the sum of the outstanding principal amount of the Loan as of the date of such calculation to (ii) the cost of acquiring the Property and scheduled and approved improvements which are part of the transaction.
Examples of Loan to Cost Ratio in a sentence
Evidence satisfactory to Lender that following the Initial Advance, the Loan-to-Cost Ratio shall be no greater than 75%.
More Definitions of Loan to Cost Ratio
Loan to Cost Ratio means, as of any date, the ratio of (i) the Total Loan Amount to (ii) the aggregate amount of Project-Related Costs (excluding any Affiliate Fees) actually paid as of such date plus Project-Related Costs to be paid with the proceeds of the Advance(s) being requested by Borrower on such date hereunder and under the Project Loan Agreement.
Loan to Cost Ratio means and be calculated as follows: the amount of all Advances for such Eligible Property added to the Collateral Pool, divided by the aggregate of the actual and verified “Ownership Costs” (as hereinafter defined) incurred by the Borrower owning such Eligible Property and which Ownership Costs are approved by Lender, in the exercise of its sole discretion. Nothing in this Section 2.1(c) is intended to limit the provisions of Section 2.2(a) below and Lender’s discretion as to the approval of any Eligible Property to be admitted to the Collateral Pool and the amount to be advanced in connection therewith.
Loan to Cost Ratio or “LTC” means, with respect to any Mortgage Loan, the ratio of (a) the maximum Mortgage Note amount as reflected in the related Mortgage Note to (b) an amount equal to the sum of (i) the acquisition price for the related Mortgaged Property and (ii) the aggregate amount of all construction, rehabilitation or renovation costs incurred with respect to the related Mortgaged Property utilized in connection with the origination of such Mortgage Loan.
Loan to Cost Ratio means the ratio, expressed as a percentage that (a) the Facility Amount bears to (b) the Project Budget.
Loan to Cost Ratio as defined in Section 2.1(a) hereof. Material Adverse Change: any material and adverse change in, or a change which has a material adverse effect upon, any of:
Loan to Cost Ratio. (LTC) means the initial amount of all loans granted relative to the amount of costs associated with the development of a property until completion;
Loan to Cost Ratio as used in the Exhibits to this Agreement means, as of any day of determination as to any Mortgage Loan, the ratio (expressed as a percentage) of (a) the maximum principal amount which may be advanced in accordance with the terms of such Mortgage Loan, to (b) the Cost of the related Mortgaged Property.