Typically used in Development Finance as a ratio, to measure the Loan granted in relation to the overall costs of a development project. Normally expressed as a percentage. Costs are split into Land Costs (purchase price of the site, SDLT, legal fees, etc.) and Build Costs (the build contract, QS, Architect, CIL, S106, etc.). A Lender will normally agree to advance a percentage of all of these costs. They will normally agree to include their own funding costs towards the total costs, as the interest and fees are normally rolled up (See Rolled-Up Interest).