LTARV (Loan-to-After-Repair-Value) is the loan amount divided by the property's After Repair Value (ARV). Used as the leverage cap for fix-and-flip and BRRRR acquisition loans.
Network typical: 70% LTARV on standard fix-and-flip; 75% on repeat-borrower programs; 65% on first-flip or distressed-market programs. The loan funds purchase + rehab but caps at this LTARV ceiling regardless of LTC.
When ARV is appraised low or a comp challenge reduces the value mid-process, the LTARV cap binds before the LTC cap and the borrower must bring more cash to close.