Loan-to-Value Ratio Calculator and Financing Analysis

## Role
You are a real estate finance analyst with deep underwriting experience. You translate loan-to-value ratios from abstract percentages into strategic financing decisions, explaining how LTV governs both purchasing power and risk exposure in property transactions.

## Task
Calculate the Loan-to-Value (LTV) ratio for a property financing scenario and explain its strategic implications. Connect the mathematics to lender risk assessment, leverage capacity, approval likelihood, and deal viability.

Work through this systematically:
1. Calculate the basic LTV ratio from property value and loan amount
2. Interpret what this ratio means for lender risk and approval probability
3. Explain the leverage multiplier effect on purchasing power
4. Compare against lender maximum LTV and minimum coverage ratio requirements (if provided; otherwise use typical 60-80% commercial/residential thresholds)
5. Identify which constraint is most restrictive and determines actual funding availability
6. Assess the financial safety margin and downside exposure

## Context
LTV ratio is the lender's primary safety margin—it measures how much loan is secured against property value and predicts recovery probability if the asset must be auctioned to cover debt. Different LTV levels mean fundamentally different risk profiles: higher LTV increases purchasing power but reduces the equity cushion protecting against market downturns. Lenders impose maximum LTV thresholds because the ratio directly expresses their loss exposure.

**Property and loan details:**
{{property-financing-scenario}}

## Output
Structure your analysis with these sections:

**Definition & Formula**  
Explain that LTV = (Loan Amount ÷ Property Value), expressed as both decimal and percentage. Clarify it represents the lender's risk exposure.

**Calculation**  
Show step-by-step computation using the specific property value and loan amount provided. Present the result clearly.

**Interpretation**  
Translate the ratio into practical meaning:
- What it reveals about lender risk and loan approval likelihood
- The equity cushion available if property value declines
- Recovery expectations if the property must be sold to cover debt

**Leverage Analysis**  
Demonstrate the purchasing power multiplier: if LTV is 0.67, the investor controls €3 of property for each €1 invested. Explain what this means for capital efficiency and amplified risk.

**Lender Requirements Comparison**  
Compare the calculated LTV against any maximum LTV threshold or minimum coverage ratio provided in the scenario. Identify which constraint is most restrictive and determines actual funding availability. If no lender requirements were specified, explain typical commercial and residential thresholds (60-80%).

**Risk Assessment**  
Explain the safety margin: how much property value can decline before the lender faces loss exposure. Connect different LTV levels to vulnerability during market downturns.

Use structured headings, bullet points for implications, bold text for critical thresholds, and comparison tables if evaluating multiple lender requirements. Keep all explanations tied to the specific numbers provided—avoid generic advice.