Refinance LTV (Projected) is the estimated ratio of a proposed refinancing loan amount to the expected market value of a property at the point refinancing is arranged. This forward-looking measure assists UK property developers and lenders in planning exit finance once development or refurbishment works are complete. It reflects the anticipated level of debt relative to the property’s value following initial construction or improvements. Maintaining an appropriate projected refinance LTV is essential to secure favourable refinancing conditions and effectively manage financial risk within the UK property development finance sector.
This sits beneath Senior Debt Metrics, introducing a more specific variant of the measure without changing its core interpretation. It is commonly considered alongside Loan to Value at Refinance, as both are closely related measures used to assess similar aspects of performance or risk. In funding terms, Refinance LTV (Projected) is most commonly encountered in connection with Refinance with Capital Release within the property development capital stack.
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