Pricing
Loan to Gross Development Value (LTGDV)
LTGDV is the loan amount expressed as a percentage of the project's expected value once works are complete — used for development and heavy refurbishment finance.
Where standard LTV measures the loan against current property value, LTGDV measures it against the projected end value (the GDV). It's the relevant metric when the lender is funding works that increase the property's value.
Most bridging lenders cap LTGDV at 65-70% on residential development, lower on commercial. LendInvest's Refurbishment GDV product is one of the higher-LTGDV options on our panel at up to 70%.
The difference matters. On a £200k purchase needing £50k of refurb works to reach a £350k GDV, a 70% LTGDV facility could fund £245k — meaning the lender covers the purchase plus most of the works, leaving the borrower with a smaller deposit requirement.
Formula
LTGDV = total loan facility ÷ projected end value × 100