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Underwriting standards are constantly changing. I hate to tell you "it depends" but the LTV can vary depending on the project and the borrower. When commercial financing was booming you could get a 90% LTV on a non-conforming commercial loan. I would say the standard LTV is around 75% however I have seen a few projects at closer to 60% LTV. Again it all depends on the project. You will have a tough time finding financing at all if you are trying to buy land. There is still money out there for a good income producing project that is performing.
Asked: 2012-01-06 11:38:51 -0500
Seen: 38 times
Last updated: Jan 06 '12