Glossary · Debt metrics
LTC (Loan-to-Cost)
Loan amount divided by total project cost. Used in development finance where there is no stabilised value yet.
Why it matters
It controls how much skin the sponsor must put in during construction.
Related
- LTV (Loan-to-Value)
Loan amount divided by asset value. The headline leverage measure for stabilised debt.
- Construction / development finance
Staged-drawdown debt to build a project, which converts to permanent debt on completion.
- Yield-on-cost
Stabilised NOI divided by total development cost. The development-return measure.
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