What does Loan to Gross Development Value (LTGDV) mean?

The LTGDV is the ratio between the amount of money we lend against a property development project and the estimated open market value of the development after all development works have been completed.

The abbreviation LTGDV stands for Loan To Gross Development Value. With a Development Finance Loan, the Loan To Value (LTV) may be calculated against the future value of the security. This future value is referred to as the Gross Development Value (GDV).