What is LTC, ACV, and LTV for construction loans?

What is LTC, ACV, and LTV for construction loans? When financing a construction project, lenders look at a few key metrics to determine how much they’re willing to lend and how strong a deal is. The most common ones you’ll hear are LTC (Loan-to-Cost), ACV (As-Completed Value), and LTV (Loan-to-Value). Understanding these terms can help […]