$199,000 Ground-Up Construction Loan on Maryland’s Eastern Shore
CR Equity AI funded a $199,000 ground-up construction loan in Maryland after 10+ lenders passed on the project. The 12-month loan financed a new 1,560-square-foot, 3-bedroom, 3-bathroom ranch for an experienced builder-investor.
What Is Loan-to-Cost, and Why Does It Decide Your Cash to Close?
Loan-to-cost (LTC) compares the amount of financing to the total cost of a real estate project. Learn the LTC formula, what lenders include in project cost, how LTC differs from LTV, and how the ratio affects the cash you need to bring to closing.