Loan to Cost Ratio definition

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, 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 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

The RPLR with effect from January 1, 2009 stands at 13.25% p.a., which was 13.75% p.a. as on December 31, 2008.The rate of interest under fixed rate loans is fixed for a period of three years from the first disbursement of the loan, and is reviewed thereafter.The applicability of lending rates on individual cases is presently based on the loan amount sanctioned and the Loan to Cost Ratio (LCR).

The Loan Value for each Lot and/or Home included in the Borrowing Base will not exceed the least of (a) the product of (i) the appraised value of the Lot and/or Home, or (ii) the total sales price for the Lot/or and Home under an Approved Sales Contract therefor (whichever is less) multiplied times the Loan to Value ratio, or (b) the product of the budgeted cost (“Total Cost”) of the Lot and/or Home reflected on the budget approved by Lender (“Budget”) multiplied times the Loan to Cost Ratio.

The Loan Amount will not exceed the least of (a) the product of (i) the appraised value of the Lot and/or Home, or (ii) the total sales price for the Lot/or and Home under an Approved Sales Contract therefor (whichever is less) multiplied times the Loan to Value ratio, or (b) the product of the budgeted cost (“Total Cost”) of the Lot and/or Home reflected on the budget approved by Lender (“Budget”) multiplied times the Loan to Cost Ratio.

Borrower shall at all times maintain a Loan to Cost Ratio that does not, at any time, exceed eighty-five percent (85%).

The Loan Parties will not permit the Loan to Cost Ratio with respect to all Financed Properties to exceed 85% as of any Quarterly Determination Date.


More Definitions of Loan to Cost Ratio

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 means the ratio, expressed as a percentage, of (a) the Commitment to (b) the total amount of Project Costs.
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 means a ratio of the Total Syndicated Facility Commitment to the aggregate Cost Basis Value;
Loan to Cost Ratio means the ratio of (i) the amount of the Loan to (ii) the total Project Costs for the construction and development of the Project.
Loan to Cost Ratio 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.
Loan to Cost Ratio means, as of the origination date of any Mortgage Loan, (A) with respect to Mortgage Loans for purchase of a Mortgaged Property or refinancing less than [***] after the original purchase date of a Mortgaged Property, a ratio of (x) the unpaid principal balance of such Mortgage Loan (including, for the avoidance of doubt, any Holdback Amount that has not been disbursed to the related Mortgagor) to (y) the sum of (i) the purchase price of the related Mortgaged Property and (ii) the underwritten and documented construction budget, and (B) with respect to Mortgage Loans originated in connection with refinancing more than [***] after the original purchase date of the Mortgaged Property, a ratio of (x) the unpaid principal balance of such Mortgage Loan (including, for the avoidance of doubt, any Holdback Amount that has not been disbursed to the related Mortgagor) to (y) the sum of (x) the as-is Appraised Value or as-is BPO Value, as applicable, of the related Mortgaged Property and (y) the underwritten and documented construction budget, if any.