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 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 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.

Examples of Loan to Cost Ratio in a sentence

• 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.

• At all times during the term of this Agreement, Borrower shall maintain a Loan to Value Ratio of not greater than 75% and a Loan to Cost Ratio percent not greater than 80%.

• The Interest Rate; Origination Fee; Line Expiration Date; Unit Maturity Date for each type of Home or Lot; Loan to Value Ratio; Loan to Cost Ratio; Lot, Speculative and Model Home Limitations; and other limitations and guidelines governing the Loans and the making of a Loan for any specific Lot or Home shall be as set out on Exhibit “A”.

• If at any time Administrative Agent shall determine, based upon an Appraisal obtained pursuant to Section 9.16(f), that the Loan to Value Ratio is greater than 75%, or the Loan to Cost Ratio is greater than 80%, Borrower shall, within thirty (30) days after receipt of Notice from Administrative Agent, repay the Loan in an amount sufficient to comply with this Section 9.22.

• The Loan Parties will not permit the Loan to Cost Ratio with respect to all Financed Properties to exceed 90.0% as of any Quarterly Determination Date.

More Definitions of Loan to Cost Ratio

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.

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 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 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 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 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.