Posted By: mtgbnkr
LTV Question - Bridge Loan - 04/17/17 04:04 PM
LTV on bridge loan is calculated how? Is LTV based only on new property being acquired or on both properties? I've got folks that can't agree.
Example: Existing Home is F/C valued $100,000. New Home sales price $200,000. Taking both properties and financing $200,000 for acquisition. Is LTV 100% or 67%? -- Scripture and verse please. Thanks!
Example: Existing Home is F/C valued $100,000. New Home sales price $200,000. Taking both properties and financing $200,000 for acquisition. Is LTV 100% or 67%? -- Scripture and verse please. Thanks!