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LTV |
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While short-term bridge lenders are also selective about the quality of their deals, on income-producing properties BRT will, for example, offer bridge financing to 85% loan to value secured by first and second mortgage loans and participation loans to 90% loan to value and joint venture opportunities. The weighted average current loan to value ratio (CLTV) of the mortgage loans is 63. This non-recourse loan was based on an aggressive 10-year attractive fixed rate and a conservative loan to value. |
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