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What does LTV and LTGDV mean?

LTV is short for Loan To Value. This is the ratio of all loans on the security property to the value of the security property.

LTGDV is short for Loan To Gross Development Value. This is used for development loans and is the ratio of all loans on the security property to the gross development value of the security property. The gross development value of the security property is the appraised value of the security property once it is fully constructed/complete.